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In February 2026, the value of All Services fell by 1.6% when compared with January 2026.
The value of All Services output was 10.5% higher in February 2026 when compared with February 2025.
The volume of All Services was down by 1.8% in February 2026 when compared with January 2026.
All Services were 8.8% higher in volume terms in February 2026 when compared with February 2025.
The largest monthly value decrease was recorded in the Wholesale & Retail Trade sector (-4.0%), while Administrative & Support Service Activities (-6.7%) had the largest volume decline.
The Modified Monthly Services Index, which represents All Services excluding the Information & Communication sector, was down by 0.5% in value and fell by 0.8% in volume in February 2026 when compared with January 2026.
Figure 1 shows the seasonally adjusted value and volume indices for the Monthly Service Index, while Table 1 highlights both the monthly and annual percentage change in both value and volume. Value indices represent turnover, whereas volume indices represent deflated turnover which strips out the impact of price changes. Volume indices show changes in the amount of business activity in the services sector over time.
It should be noted that the significant increase observed since 2024 has been heavily influenced by the performance of the Information & Communication sector. All Services excluding Information & Communication can be observed in the Modified Monthly Services Index (see Figure 3).
| Table 1 Seasonally Adjusted1 Indices for All Services | |||
| Base Year 2021=100 | |||
| Value Index | Volume Index | ||
| February 20262 | 176.1 | 160.0 | |
| January 2026 | 178.9 | 163.0 | |
| February 2025 | 159.4 | 147.0 | |
| % change | |||
| Monthly | -1.6% | -1.8% | |
| Annual | 10.5% | 8.8% | |
| 1 Based on Seasonal Patterns up to February 2026. | |||
| 2 Provisional Value Indices based on early returns from respondents. | |||
Figure 2a presents the monthly seasonally adjusted value and volume percentage changes for February 2026 compared with January 2026.
| Business Sectors | Monthly Seasonally Adjusted Value | Monthly Seasonally Adjusted Volume |
|---|---|---|
| Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles | -4 | -5.2 |
| Transportation & Storage | 4.1 | 4 |
| Accommodation & Food Service Activities | -1.5 | -1.7 |
| Information & Communication | -2.2 | -1.5 |
| Professional, Scientific & Technical Activities | 4 | 3.9 |
| Administrative & Support Service Activities | -3.9 | -6.7 |
| Other Service Activities | -1.9 | -1.6 |
| All Services | -1.6 | -1.8 |
Figure 2b shows the annual seasonally adjusted value and volume percentage changes for February 2026 compared with February 2025.
| Business Sectors | Annual Seasonally Adjusted Value | Annual Seasonally Adjusted Volume |
|---|---|---|
| Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles | -7.3 | -8.2 |
| Transportation & Storage | 10.2 | 12.5 |
| Accommodation & Food Service Activities | -2 | -7.4 |
| Information & Communication | 17.9 | 18.8 |
| Professional, Scientific & Technical Activities | 6 | -2.2 |
| Administrative & Support Service Activities | 1.6 | -27.4 |
| Other Service Activities | -3.9 | -7.8 |
| All Services | 10.5 | 8.8 |
| Table 2 Seasonally Adjusted1 Indices for Monthly Services for All Sectors - Provisional Results February 20262 | |||||||
| Base Year 2021=100 | |||||||
| Services Value | Services Volume | ||||||
| Sector | Index | Monthly % change | Annual % change | Index | Monthly % change | Annual % change | |
| Wholesale & Retail Trade; Repair of Motors Vehicles and Motorcycles3 | 104.6 | -4.0 | -7.3 | 90.1 | -5.2 | -8.2 | |
| Transportation & Storage | 214.6 | 4.1 | 10.2 | 175.9 | 4.0 | 12.5 | |
| Accommodation & Food Service Activities | 210.8 | -1.5 | -2.0 | 161.1 | -1.7 | -7.4 | |
| Information & Communication | 218.2 | -2.2 | 17.9 | 213.3 | -1.5 | 18.8 | |
| Professional, Scientific & Technical Activities | 125.5 | 4.0 | 6.0 | 104.2 | 3.9 | -2.2 | |
| Administrative & Support Service Activities4 | 123.8 | -3.9 | 1.6 | 70.9 | -6.7 | -27.4 | |
| Other Service Activities | 189.1 | -1.9 | -3.9 | 150.8 | -1.6 | -7.8 | |
| All Services | 176.1 | -1.6 | 10.5 | 160.0 | -1.8 | 8.8 | |
| 1 Based on Seasonal Patterns up to February 2026. | |||||||
| 2 Provisional Value Indices based on early returns from respondents. | |||||||
| 3 Retail Sales and Motor figures are published in detail in the Retail Sales Index. | |||||||
| 4 NACE 7735 is excluded. | |||||||
The Modified Monthly Services Index has been developed in response to stakeholders who sought additional insights into the services economy. This indicator consists of All Services excluding the Information & Communication sector, which has a significant impact on the overall index of All Services due to its scale.
In February 2026, the Modified Monthly Services Index, which represents All Services excluding Information and Communication sector, was down 0.5% in value and fell by 0.8% in volume when compared with January 2026. Annually, the Modified Monthly Services Index decreased by 0.2% in value and was down by 6.8% in volume when compared with February 2025.
| Table 3 Seasonally Adjusted1 Indices for All Services excluding Information & Communication | |||
| Base Year 2021=100 | |||
| Value Index | Volume Index | ||
| February 20262 | 132.2 | 106.3 | |
| January 2026 | 133.0 | 107.2 | |
| February 2025 | 132.5 | 114.0 | |
| % change | |||
| Monthly | -0.5% | -0.8% | |
| Annual | -0.2% | -6.8% | |
| 1 Based on Seasonal Patterns up to February 2026. | |||
| 2 Provisional Value Indices based on early returns from respondents. | |||
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Statistician's Comment
The Central Statistics Office (CSO) has today (10 April 2026) published Monthly Services Index February 2026 (Provisional) and January 2026 (Final).
Commenting on the release, Tommy Allen, Statistician in the Enterprise Statistics Division said: “In February 2026, the overall index of All Services showed monthly decreases in both value (-1.6%) and volume (-1.8%).
The largest monthly value decreases were recorded in Wholesale & Retail Trade (-4.0%) and Administrative & Support Service Activities (-3.9%). The sector showing the largest monthly value increase was Transportation & Storage (+4.1%). In volume terms, the largest monthly decreases were observed in Administrative & Support Service Activities (-6.7%) and Wholesale & Retail Trade (-5.2%). Transportation & Storage (+4.0%) recorded the largest monthly volume increase. The Modified Monthly Services Index, which represents All Services excluding Information & Communication, was down by 0.5% in value and by 0.8% in volume when compared with January 2026.
Looking at changes on an annual basis, the All Services index was 10.5% higher in value and rose by 8.8% in volume terms in February 2026 when compared with February 2025. This increase was largely driven by the strong annual performances of the Information & Communication sector, up 17.9% in value and by 18.8% in volume. The Modified Monthly Services Index shows All Services excluding Information & Communication fell by 0.2% in value and decreased by 6.8% in volume when compared with February 2025."