Business Irish

Thursday 17 August 2017

Services sector expanded last month

Louisa Fahy

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

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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