Irish service sector rate of contraction remained sharp in May but pace of decline eased
Jun 3rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish service sector PMI (Purchasing Managers' Index) data for May, shows rate of contraction remained sharp, despite easing to its weakest since September 2008. The headline Business Activity Index rose to 39.5, from 32.2 in April. The decline was led by Business Services companies, where activity fell substantially.