Gradual slowdown in Irish services growth continues in August

epa05232672 The Irish flag seen on top of the General Post Office in Dublin, Ireland, 27 March 2016. This Easter marks the 100th anniversary of the 1916 Easter Rising, when Irish rebels rose up against British rule, eventually leading to Irelands Independence from Britain in 1922. EPA/AIDAN CRAWLEY

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Ireland’s services sector last month grew at its slowest rate since January, a survey showed on Wednesday, as the impact of rising uncertainty around Brexit was evident across a number of areas.

Ireland’s fast-growing economy has largely weathered the disruption created by Britain’s 2016 vote to leave the European Union but increasing uncertainty around Brexit has contributed to weaker activity in the manufacturing and services sectors.

The AIB IHS Markit Purchasing Managers’ Index (PMI) for services slipped to 54.6 from 55.0 in July — still well above the 50 mark that separates growth from contraction, as it has been since 2012, when a rapid economic recovery began to take hold.

 

Via Reuters

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