Growth in Ireland’s services sector improved last month, suggesting strong momentum in the EU’s fastest growing economy. The Investec Services Purchasing Managers’ Index (PMI) rose to 58.3 from 57.6 in June, when it had slipped to a seven-month low. Like the wider economy, services businesses have so far proved resilient to Britain’s decision to leave the EU. “Respondents reported higher new orders from a range of markets including the UK, US and continental Europe,” Philip O’Sullivan, the chief economist at Investec Ireland, said. “Services firms have been…

Source: The Times August 03, 2017 22:52 UTC