Growth slows in Dublin as services sector contracts

The services sector, which is the biggest sector in Dublin, saw a contraction during the third quarter for the first time since early 2021. File photo
Business activity in Dublin continued to slow between July and September with the services sector seeing a contraction for the first time since early 2021, the latest Purchasing Managers’ Index (PMI) from S&P Global shows.
The latest PMI reading stood at 50.8 for the third quarter marking a marginal expansion during that time but down from the 52.2 recorded during the second quarter. This is the weakest rate of growth for the capital since late 2022.