Market comment

Irish Services PMI falls to 54.5 in September


This morning’s Irish Services PMI at 54.5 in September is the weakest reading since January, but still points to a solid pace of growth and compares favourably to the flash euro area (48.4) and UK (47.2) readings. Firms reported another expansion in new business and job creation continued at a healthy pace. Meanwhile, exchequer returns showed corporate taxes disappointing again in September, down 12% on the year, albeit still up 4% in the first nine months to €14.4bn.

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Oct 4 2023, 07:30 IST/BST