Ser­vices sec­tor growth quick­ens

Irish Independent - Business Week - - FRONT PAGE - El­lie Don­nelly

GROWTH in the Ir­ish ser­vices sec­tor ac­cel­er­ated in Septem­ber on the back of a fur­ther sharp ex­pan­sion in new busi­ness.

That is ac­cord­ing to the lat­est Ser­vices Pur­chases Man­agers In­dex (PMI) from ISH Markit.

The head­line PMI was 58.7 in Septem­ber, up from 58.0 in Au­gust. Any read­ing over 50 is deemed growth.

More­over, the rate of growth quick­ened to a three-month high. Ac­tiv­ity has now in­creased con­tin­u­ously since Au­gust 2012. Ac­cord­ing to re­spon­dents, higher new or­ders and in­creased staffing lev­els con­trib­uted to the lat­est rise in ac­tiv­ity.

The rate of growth in new ex­port or­ders quick­ened, with a num­ber of re­spon­dents high­light­ing new busi­ness from UK cus­tomers.

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