Three of the four industries monitored by the survey showed growth, with Transport, Tourism & Leisure the only sector to show a contraction. Cost pressures across the service sector increased at the weakest pace in 19 months and firms raised their selling prices at the least pronounced rate in 16 months. Employment continued to grow, but at a modest pace amid reports of voluntary leavers and talent shortages. The rate of job creation was the second weakest in a 23-month positive sequence. (Reporting by Graham Fahy; Editing by Toby Chopra)
DUBLIN, Feb 3 (Reuters) - Ireland's service sector
expanded in January with growth in business activity and
staffing numbers coming against a backdrop of easing
inflationary pressures, a survey showed on Friday.
The AIB S&P Global Purchasing Managers' Index (PMI) for
services rose to 54.1 from 52.7 in December, when the index
broke a 4-month run of slowing growth.
The reading contrasts with January flash services PMIs for
Britain and the United States that are in contraction territory
at 48.0 and 46.6, respectively, while the index for the euro
zone stands at 50.7.
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