Irish service sector business activity in August fell at slowest pace since March 2008 but employment still dropped sharply
Sep 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish service sector business activity in August fell again but the seasonally adjusted Business Activity Index - - which is based on a single question asking respondents to report on the actual change in business activity at companies compared to one month ago - - posted 46.7 in August, from 42.4 in July, indicating that while the rate of contraction was marked, it was the weakest since March 2008. The ongoing recession in Ireland was the principal cause of the latest fall in activity. Each of the four monitored sectors posted lower activity during the month. Employment dropped sharply.