Growth slows in Dublin as services sector contracts

Employment trends in Dublin remained positive with firms adding to their workforce
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.

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