The Currency analytics
By dan saada
Ireland's services sector slowed down. The AIB Services Purchasing Managers' Index dropped to 54.5 in January from December's 54.
AIB released these numbers and they're pretty important for tracking how Ireland's economy is doing.
Employment kept growing. But slower than before.
Companies said they got more new orders, mostly from customers here in Ireland rather than exports.
Many businesses ended up passing these extra costs onto their customers, which means people are paying more for services.
Business confidence stayed steady though. Service providers are still optimistic about what's coming next, betting that Ireland's economy will remain stable.
Ireland's navigating some tricky waters after Brexit changed everything. The services sector is massive for the country's economy and affects jobs and growth patterns across the…
AIB didn't comment on future projections or break down which specific service industries contributed what to the numbers.
The timing is pretty rough. Ireland's Central Statistics Office said on February 3 that GDP growth slowed in the last quarter of 2025, raising concerns about how that might hit…
Bank of Ireland economist Sarah Murphy thinks the PMI staying above 50 is good news but the drop shows service providers are being cautious.
Finance Minister Michael McGrath said on February 4 that keeping the services sector stable is a top priority.
And there's the European Central Bank meeting coming up in March. Whatever they decide about interest rates could shake things up for service companies across the Eurozone,…
Supply chain problems aren't helping either. The Irish Exporters Association said on February 2 that procurement challenges are messing with service delivery timelines.
The Central Bank of Ireland noted on February 1 that unemployment held steady at 4.7% in January.
Consumer confidence dipped slightly to start the year, according to the Economic and Social Research Institute's January 31 report.