Total activity and new business rose at the fastest rates since July 2023
Service sector companies continued to raise prices for customers in March, but output inflation slowed compared to February. Photograph: iStock
Total activity and new business both rose at the fastest rates since last July, resulting in another solid round of employment growth. “The acceleration in activity was broad-based and points to improving business conditions throughout the first quarter of 2024,” said AIB chief economist David McNamara.“Irish firms continued to report rising levels of new business across all sectors, and this was linked, in part, to robust international demand. The volume of outstanding work also increased on the month, as earlier new orders growth now translates into activity.
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