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Growth of activity weakens further as outlook worsens
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Service sector activity in Ireland increased at the slowest rate in the current 19-month sequence of growth, according to the latest AIB PMI® survey data. Similarly, new business rose at the softest rate since March 2021. Fears around the impact of inflation on demand undermined the outlook, with firms' 12-month expectations the weakest since late-2020. Rates of input price and charge inflation remained among the highest on record in September. Employment rose at a strong overall pace, though companies continued to report staff shortages...
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