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Dublin business activity rebounds as restrictions ease
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Dublin s business activity rises at fastest pace since 2015
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Business activity rebounds in Dublin in Q2 as restrictions ease
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Following a slight increase in the third quarter, the latest Dublin PMI from IHS Markit, produced for Dublin City Council, shows business activity in Dublin’s private sector decreased in the final quarter of 2020.
Output continued to rise in the manufacturing and construction sectors but increased COVID-19 restrictions in October and November brought parts of the services sector to a standstill. The overall decrease to 49.2 was softened by the relaxation of restrictions in December.
Employment contracted for the third consecutive quarter. Although remaining modest, the pace of job cuts was quicker than that seen in Q3. The Rest of Ireland posted a stabilisation of workforce numbers with Dublin’s relative underperformance relecting the dominence of the service industry in the capital.