The latest AIB PMI® survey data signalled sustained growth in the Irish service sector in September, with further solid increases in total activity and new business. That said, the rates of expansion in both measures eased to the weakest since January and last December, respectively. The 12-month outlook remained positive but slightly below the long-run survey trend, reflecting concerns over the impact of high interest rates on demand. Cost pressures at service providers were still relatively high, although the rate of input price inflation eased to a 31-month low.


 
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