3rd Dec 2025 01:13
(Alliance News) - Ireland's private sector continued to accelerate in November, with the services sector supported by faster rise in output, S&P Global reported Wednesday.
The AIB Ireland composite purchasing managers' index rose to 55.8 in November from 53.1 in October.
A reading above the 50.0 neutral mark indicates an overall increase in month-on-month business activity, while a reading below signals a contraction.
Specifically, the services PMI rose to 58.5 in November from 56.7 in October, marking the steepest rise in output in 18 months.
David McNamara, AIB chief economist, commented: "This marks the fastest pace of growth since May 2022, driven by strong gains in current activity and new business. Overall, the rate of growth in the Irish services sector.
"New business grew at an accelerating pace in November, reaching the highest level since April 2022, underpinned by a further solid rise in new export business. Outstanding business also increased, reflecting the recent recovery in new client demand. From a sectoral perspective, all four sub-sectors expanded output in the month."
Inflation pressures intensified as both input costs and output prices rose, with charges staying firm.
Looking ahead, services firms in Ireland were more upbeat about prospects for expansion over the next 12 months, with confidence in future activity rising above the long‑run trend.
"Confidence recovered from October's four-month low, reaching the highest level since February, led by robust sentiment in financial services and technology, media and telecommunications," said McNamara.
On Monday, S&P Global reported that manufacturing PMI rose to 52.8 in November from 50.9 in October.
S&P Global compiles the PMI figures each month using survey responses from a panel of 400 service sector companies and around 250 manufacturers. The composite figure is a weighted average of the services and manufacturing indices."
By Judy Amaca, Alliance News reporter Asia-Pacific
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