Growth in Ireland’s services sector eased in November but confidence hit a seven-year high, a new survey showed on Wednesday, as economic momentum builds before the country exits its EU/IMF bailout on December 15. <p>
The Investec Purchasing Managers’ Index (PMI) of activity in the services sector, which covers businesses from banks to hotels and accounts for around 70% of economic output, grew for the 16th straight month in November, although the pace of expansion eased to 57.1 from October’s 60.1. That was still ahead of the 13-year-old survey’s historical average as well as the 50.9 flash reading recorded last month for the Eurozone as a whole. <p>
<b>The sub-index that measures expectations among firms for the next 12 months rose to 75.1 from 74.0 in October, its fastest expansion since October 2006, before a property crash wrecked the country’s banks and drove the country into a bailout.
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