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Strong growth in services sector
04 Mar 2015 10:10
The country's services sector expanded at a strong pace again in February, driven by rising domestic demand as new business from abroad slowed.
Investec's Purchasing Managers' Index of activity in the services sector, which covers businesses from banks to hotels came in at 61.4, down from January's near-eight year high of 62.5 but still performing well.
The index has stayed above 60 for a year and has not fallen below the 50-point line denoting growth since July 2012.
The new export business sub-index fell to 57.5 from 60.1 a month earlier, its lowest level since May 2013.
It follows a survey on Monday that showed Irish manufacturing activity rebounded in February to a 15-year high as strong new orders helped boost employment in the sector.

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