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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Services PMI fell to 51.8 in February 2026
FMPMonthlyReleased March 2026
Ireland Services PMI fell to 51.8 in February 2026, released March 2026, down 2.7 from January's 54.5 reading.
Latest Release
51.800000
Actual
—
Consensus
54.500000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.63 | FOREX | Bullish USD | → View |
| EUR/USD | ▼ Inverse | −0.28 | FOREX | Bearish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Services PMI (Ireland) was reported at 50.70 in April 2026. The reading fell from the previous value of 51.80. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 53.91, ranging from 50.60 to 58.50 across 8 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 53.70, down from the prior three at 56.23.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Services PMI - IE
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About Services PMI — Ireland
DEFINITION
Services PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the services sector in a country. It provides valuable insights into the health of the economy by tracking changes in business activity, new orders, employment, and prices. A high Services PMI indicates a growing services sector, while a low PMI suggests a contraction. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall economic outlook.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Mar 2026): actual 50.7. Prior reading (Feb 2026): 51.8. Before that (Jan 2026): 54.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.63) — a useful reference for forex-focused traders.