Growth in Ireland’s services sector slipped slightly in February but remained close to January’s post-Brexit high and confidence about the future continued to grow, a survey showed on Friday.
Ireland is widely considered the European Union economy most at risk from its key trading partner’s decision to quit the bloc, and growth slowed in both the services and manufacturing sectors after the surprise referendum result.
The Investec Services Purchasing Managers’ Index slipped to 60.6 in February from the seven-month high of 61.0 in January, as growth in prices charged slowed, but new export business improved.
“While the rate of growth in activity across much of Ireland’s private sector has eased slightly from January, it remains well above the series average,” Investec Ireland chief economist Philip O’Sullivan said.
“Firms remain very optimistic on the outlook for the sector,” he said.