The seasonally adjusted official Irish monthly
services value index increased by 0.5% in June 2014 when compared with May 2014
while, in the year to June 2014, there was an increase of 1.1%.
The CSO data is more muted than the monthly PMI
(purchasing managers' index) data based on a smaller sample
while the compilers are running out of superlatives.
SEE today's PMI
Irish Economy: Services PMI rises in July; CSO data more muted
The CSO data
excludes financial services.
On a monthly basis, Other Service Activities
(+3.7%), Information and Communication (+3.2%), Administrative and Support
Service Activities (+0.7%) and Transportation and Storage (+0.5%) increased when
compared with June 2014. Accommodation and Food Service Activities (-5.2%),
Professional, Scientific and Technical Activities (-1.5%) and Wholesale and
Retail Trade (-0.7%) decreased in the month to June 2014.
On an annual basis, Information and Communication
(+5.6%), Other Service Activities (+5.2%), Transportation and Storage (+1.6%)
and Wholesale and Retail Trade (+2.1%) increased when compared with June 2013.
Professional, Scientific and Technical Activities (-8.7%), Administrative and
Support Service Activities (-4.5%) and Accommodation and Food Service Activities
(-2.4%) showed decreases in the same period.
The CSO sample size is approximately 2,100
enterprises. The sample comprises a census of all enterprises with an annual
turnover value of more than €20m or enterprises with more than 100 persons
engaged. The remainder of the target population is stratified using 2-digit
Statistical Classification of Economic Activities in the European Community,
i.e. NACE Rev. 2 classifications. Each of these 2-digit NACE sectors are further
subdivided into strata based on turnover. A simple random sample is then drawn
from each stratum. Retail and Motor Trade figures are taken from the separate
Retail Sales Index sample of approximately 1,400 enterprises.