The latest AIB PMI® survey data revealed a further loss of momentum in the Irish services sector in November. Although total activity, new work and outstanding business all rose further, the rates of expansion were each the slowest in the respective 21-month growth sequences. Expectations slumped as recession fears, the energy crisis and rising living costs weighed on confidence. Input price inflation picked up from October's recent low, while charge inflation eased but remained among the highest on record.