Irish service sector growth slows markedly in June, PMI shows
The AIB Global S&P Purchasing Managers' Index (PMI) fell to 51.5 from 54.7 in May, the weakest growth rate since January 2024 and the third-lowest mark since the sector's sharp rebound from COVID-19 lockdowns began in March 2021.
The sector also outperformed the average for the wider euro zone - a 50.0 flash reading - by a tighter margin than during much of that run.
The waning momentum contrasted with the Irish manufacturing PMI, which grew at the fastest pace in more than three years last month and at a sharper rate than services for just the second time during that period.
New service sector business growth also slowed, with international demand falling for the first time in 20 months, which some firms attributed to weaker markets in the U.S. and Europe and ongoing global trade tensions.
Employment growth continued but at a reduced pace and the level of outstanding business also decreased for the first time since the start of 2024.
There was some relief for customers with the prices charged by service firms rising at the slowest rate in more than four years while the service providers themselves remained optimistic about future growth, albeit sentiment remained close to April's post-pandemic low.
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"Exploring the Dynamic Growth and Regulatory Evolution of the Global Medical Device Industry: A Comprehensive Analysis of Market Trends, Technological Advancements, and Emerging Opportunities in the Post-COVID-19 Era" BOSTON, July 3, 2025 /PRNewswire/ -- BCC Research announces the release of its "2024 Medical Devices Research Review," which provides insights into the rapidly growing global market for medical devices. The report highlights projections of significant growth across many segments, driven by technological advances and increasing healthcare expenditures. Key Highlights: Medical Devices Market: The market is projected to grow from $810.4 billion in 2024 to $1.3 trillion by the end of 2029. Compound Annual Growth Rate (CAGR): 9.8%. Elder Care Services and Assistive Devices Market: The market is projected to grow from $868.2 billion in 2024 to $1.1 trillion by the end of 2029. CAGR: 5.8%. 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Contact Us Corporate HQ: 50 Milk St., Ste. 16, Boston, MA 02109, USA Email: info@ Phone: +1 781-489-7301 For media inquiries, email press@ or visit our media page for access to our market research library. Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher. Logo - View original content to download multimedia: SOURCE BCC Research LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
