NCB Republic of Ireland Services PMI
The NCB Purchasing Managers Servieces Index for the Republic of Ireland covers all private sector services in Ireland, excluding retail and wholesale, and provides timely data on an area of the economy that is not well covered by official figures. The data are derived from questionnaires sent to a representative panel of around 600 Irish private-sector service companies. Monthly data have been collected since May 2000
Data are presented in the form of diffusion indexes. These are a weighted sum of the positive, negative and no change replies and form a convenient single-figure summary of the data.
Diffusion indices vary between 0 and 100 with a level of 50.0 signalling no change on the previous month. Readings above 50.0 signal an increase on the previous month. Readings
below 50.0 signal a decrease. The greater the divergence from 50.0, the greater the rate of change signalled.
Where possible, diffusion indexes are seasonally adjusted to take into account expected or normal variations for the time of year.
On a monthly basis members of the Association of Purchasing and Supply receive summary details to keep them informed and appraised of the latest professional developments.
find out more ...
Related:
› Purchasing Managers Manufacturing Index
› Irish Energy Index
.
