Irish Economy Watch - June 2024
by AIB Treasury's Economic Research Unit
- Manufacturing PMI stayed below 50 for a third consecutive month in May.
- The services PMI rose to 55.0 in May, indicating an acceleration in the pace of expansion.
- The construction PMI declined to 49.8 in May, indicating a slight contraction in activity. New orders, housing and commercial activity all fell but stayed above the key 50 level.
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