Monday 5 December 2016

Services sector expanded last month

Louisa Fahy

Published 03/06/2010 | 11:00

Ireland’s services industry expanded last month as confidence among service providers reached its highest level in two years, NCB Stockbrokers said.

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A monthly index rose to 52.4 in May from 51 in April, NCB said today in a research note. A reading above 50 indicates expansion.

Activity improved in all areas of the service sector except transport and leisure, the report shows.

The weaker euro “should be a boost for tourism and exports more generally in the coming months,” NCB said in the report.

Bloomberg

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