Business Irish

Sunday 21 April 2019

Optimism in services firms at high as growth continues

Aerial view OF the Docklands IFSC, Dublin
Aerial view OF the Docklands IFSC, Dublin

OPTIMISM in services companies is at its second-highest level since March 2005 while the sector has experienced growth for the 20th month in a row.

The Investec Purchasing Managers' Index of activity grew to 60.7 in March from 57.5 in February - any figure above 50 signals growth.

The services sector covers a range of businesses from hotels to the banking sector.

Its export sub-index for new business rose from 60.6 to 62.8.

Over 50pc of those surveyed also expected activity in the sector to grow further in a year's time.

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