The AIB Irish Services PMI for May shows modest growth, following a first decline in activity since early 2021 in April. Overall, the PMI rose to 50.8 from 49.7 in April. Activity levels remained muted amid a contraction in outstanding business and continued rising costs linked to current geopolitical tensions. The rate of growth in the Irish services sector was ahead of the flash Eurozone and UK PMIs at 46.4 and 47.9, respectively; but behind the US PMI, at 50.9.