Dublin business activity slows in Q3 on price pressures

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Business activity in Dublin slowed sharply in the third quarter of this year, leaving it at its weakest level since the second quarter of 2021 when Covid restrictions were still in force.

The latest PMI survey from S&P Global shows the headline rate remained narrowly within expansionary territory at 50.4 as inflation dampened demand.

Today's PMI showed that new orders continued to rise in Dublin, extending the current sequence of growth to six quarters, but the rate of expansion declined.The report's authors said these new order trends are"concerning" as cost of living pressures are expected to be exacerbated over the winter months.

Employment also increased across the Rest of Ireland, but at a softer pace than that seen in the city, it added.

 

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