The latest PMI survey, from S&P Global, shows that labour market trends in Dublin remained resilient in Q3 as rising workloads resulted in increased staffing levels in Dublin (56.0). The rate of job creation was the most pronounced since Q2 2022. Employment also increased across the Rest of Ireland, but at a slower pace than seen in the capital.
Commenting on the PMI, Andrew Harker, Economics Director at S&P Global Market Intelligence said:
“Dublin’s labour market stepped up a gear in the third quarter, seeing a rapid rise in employment as firms responded to sustained growth of workloads. This was despite some signs of growth in output and new orders losing some momentum from earlier in the year. Growth of business activity in Dublin continued to outperform the Rest of Ireland, and firms will be hoping to complete a full year of expansion as we work through the final quarter of 2023.”
The S&P Global Dublin Purchasing Managers Index (PMI) is a survey of business activity in Dublin calculated using responses from around 200 businesses per month across the services, manufacturing and construction sectors.
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