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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.
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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.
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The index has stayed above 60 for a year and has not fallen below the 50-point line denoting growth since July 2012.
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The new export business sub-index fell to 57.5 from 60.1 a month earlier, its lowest level since May 2013.
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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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