Services output growth accelerates in July
The AIB Irish Services PMI for July shows accelerating growth in the sector. Overall, the PMI rose to 55.2 from 54.2 in June. Activity levels were boosted by rising new business and employment, alongside easing inflationary pressures. The rate of growth in the Irish services sector was well ahead of the flash Eurozone, UK and US PMIs at 51.6, 51.8, and 53.6, respectively.
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