FOREX TradingCharts.com

Financial News: Irish Services Growth Quikens In May

Irish Services Growth Quikens In May

06/06/2024 - 03:24:00 (RTTNews)

(RTTNews) - The pace of growth accelerated in the Irish service sector in May amid a sharp and faster rise in new business, survey data from S&P Global showed Thursday.

The AIB Services Purchasing Managers' Index rose to 55.0 in May from 53.3 in April. A score above 50 indicates expansion in the sector.

Among the four sub-sectors, technology, media, and telecoms were the strongest-growing segments. Financial services continued to expand sharply. Business services posted a relatively modest increase in activity, while growth nearly stalled in transport, tourism, and leisure.

The growth in new business accelerated in May, extending the current growth sequence that began in March 2021. Meanwhile, new export business growth eased to a three-month low.

Firms increased their staffing numbers in May, and the rate of job creation quickened to a three-month high. Hiring growth was more evident in the transport, tourism, and leisure segments.

On the price front, cost pressures intensified in May amid higher charges for wages and fuel. Nonetheless, the charge inflation eased to a 5-month low.

The composite output index climbed to 52.5 in May from 50.4 in the previous month, signaling a further accelerated expansion in the Irish private sector.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June (49 min(s), 55 sec(s) ago)
(RTTNews) - The University of Michigan released preliminary data on Friday unexpectedly showing a ...Full Story»

China Bank Lending Rises Less Than Expected (13 min(s), 55 sec(s) ago)
(RTTNews) - China's bank lending increased less than expected in May as credit demand remained ...Full Story»

U.S. Import Price Unexpectedly Decrease 0.4% In May (55 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed unexpected decreases by U.S ...Full Story»

U.S. Import, Export Prices Unexpectedly Decrease In May (46 min(s), 05 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Friday showed unexpected decreases by U.S ...Full Story»

Eurozone April Trade Balance Swings To Surplus (02 hr(s), 55 min(s), 05 sec(s) ago)
(RTTNews) - Euro area visible trade balance logged a surplus in April this year versus a deficit i ...Full Story»

UK Inflation Expectations Ease In May: BoE Survey (04 hr(s), 18 min(s), 05 sec(s) ago)
(RTTNews) - Britons' short-term inflation expectations softened in May, the quarterly Inflatio ...Full Story»

French Inflation Accelerates In May (05 hr(s), 56 min(s), 05 sec(s) ago)
(RTTNews) - France's consumer price inflation accelerated in May on higher energy and food pri ...Full Story»

Bank Of Japan Delays Bond Purchase Reduction (06 hr(s), 43 min(s), 05 sec(s) ago)
(RTTNews) - The Bank of Japan delayed its normalization of policy on Friday as policymakers decide ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June

06/14/2024 - 10:12 AM (RTTNews)
(RTTNews) - The University of Michigan released preliminary data on Friday unexpectedly showing a ...Full Story>>

China Bank Lending Rises Less Than Expected

06/14/2024 - 09:36 AM (RTTNews)
(RTTNews) - China's bank lending increased less than expected in May as credit demand remained ...Full Story>>

U.S. Import Price Unexpectedly Decrease 0.4% In May

06/14/2024 - 09:23 AM (RTTNews)
(RTTNews) - A report released by the Labor Department on Friday showed unexpected decreases by U.S ...Full Story>>

U.S. Import, Export Prices Unexpectedly Decrease In May

06/14/2024 - 08:36 AM (RTTNews)
(RTTNews) - A report released by the Labor Department on Friday showed unexpected decreases by U.S ...Full Story>>

Eurozone April Trade Balance Swings To Surplus

06/14/2024 - 06:27 AM (RTTNews)
(RTTNews) - Euro area visible trade balance logged a surplus in April this year versus a deficit i ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.