FOREX TradingCharts.com

Financial News: Ireland Service Sector Growth Accelerates

Ireland Service Sector Growth Accelerates

06/06/2019 - 02:16:00 (RTTNews)

(RTTNews) - Ireland's services sector expanded at the fastest pace since last November amid rise in new orders and job creation, survey data from IHS Markit showed on Thursday.

The services Purchasing Managers' Index rose to 57.0 in May from 54.7 in April. The pace of expansion was the fastest in six months.

The composite output index grew to 54.1in May from 53.4 in the previous month. Any reading above 50 indicates expansion in the sector.

Private sector new business increased at a faster pace driven by the biggest growth in service orders for five months. New business from abroad in the service sector accelerated since the beginning of the year.

Backlog accumulation was the quickest since July last year with faster growth in new orders. Growth in employment was solid and slightly faster.

On the price front, input price inflation rose to the highest in three months driven by high costs in fuel and staffing. Output charges grew with rate of inflation to a three-month high.

Business sentiment picked up in May and was the sharpest since the beginning of the year.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


RBA Minutes On Tap For Tuesday (03 hr(s), 32 min(s), 24 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its June 4 meet ...Full Story»

ECB's Coeure: Tiering To Be Considered If Rates Have To Be Cut - FT (10 hr(s), 59 min(s), 24 sec(s) ago)
(RTTNews) - The European Central Bank Governing Council would consider the impact of negative inte ...Full Story»

U.S. Homebuilder Confidence Unexpectedly Pulls Back In June (11 hr(s), 15 min(s), 24 sec(s) ago)
(RTTNews) - After reporting a substantial improvement in U.S. homebuilder confidence in the previo ...Full Story»

New York Manufacturing Activity Unexpectedly Contracts In June (11 hr(s), 39 min(s), 24 sec(s) ago)
(RTTNews) - Manufacturing activity in New York took a sharp downward turn in the month of June, ac ...Full Story»

New York Manufacturing Activity Unexpectedly Contracts In June (12 hr(s), 48 min(s), 24 sec(s) ago)
(RTTNews) - Manufacturing activity in New York took a sharp downward turn in the month of June, ac ...Full Story»

Eurozone Labor Costs Growth Improves In Q1 (13 hr(s), 01 min(s), 24 sec(s) ago)
(RTTNews) - Eurozone labor costs increased at a slightly faster pace in the first quarter, Eurosta ...Full Story»

Germany GDP To Contract In Q2: Bundesbank (13 hr(s), 19 min(s), 24 sec(s) ago)
(RTTNews) - Germany's economy is set to contract slightly in the second quarter, Bundesbank sa ...Full Story»

UK Labor Costs Growth Lowest Since Mid-2017 (13 hr(s), 44 min(s), 24 sec(s) ago)
(RTTNews) - UK labor costs increased at the joint-lowest rate since mid-2017, the Office for Natio ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

RBA Minutes On Tap For Tuesday

06/17/2019 - 18:00 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its June 4 meet ...Full Story>>

ECB's Coeure: Tiering To Be Considered If Rates Have To Be Cut - FT

06/17/2019 - 10:33 AM (RTTNews)
(RTTNews) - The European Central Bank Governing Council would consider the impact of negative inte ...Full Story>>

U.S. Homebuilder Confidence Unexpectedly Pulls Back In June

06/17/2019 - 10:17 AM (RTTNews)
(RTTNews) - After reporting a substantial improvement in U.S. homebuilder confidence in the previo ...Full Story>>

New York Manufacturing Activity Unexpectedly Contracts In June

06/17/2019 - 09:53 AM (RTTNews)
(RTTNews) - Manufacturing activity in New York took a sharp downward turn in the month of June, ac ...Full Story>>

New York Manufacturing Activity Unexpectedly Contracts In June

06/17/2019 - 08:44 AM (RTTNews)
(RTTNews) - Manufacturing activity in New York took a sharp downward turn in the month of June, ac ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.