Irish service business activity fell at sharper pace in September as new orders declined further
October 5th, 2009
<span>Irish service seasonally Business Activity Index - - a PMI (Purchasing Managers' Index) measure which is based on a single question asking respondents to report on the actual change in business activity at their companies compared to one month ago - - fell to 45.5 in September, from 46.7 in August, signalling that the pace of decline of business activity accelerated as the economic downturn continued. The latest fall was viewed as significant, and extended the current period of contraction to twenty months. Three of the monitored sectors posted falling activity during the month, while Financial Services recorded a modest rise.</span>
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