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In May 2025, the value of All Services rose by 5.1% when compared with April 2025.
The value of All Services output was 20.9% higher in May 2025 in comparison with May 2024.
The volume of All Services was up by 5.3% in May 2025 when compared with April 2025.
Annually, All Services were 26.0% higher in volume terms in May 2025 when compared with May 2024.
The largest monthly value increase was recorded in the Other Services Activities sector (+9.7%), while Information & Communication (+8.4%) had the largest volume increase.
The new Modified Monthly Services Index, which represents All Services excluding the Information & Communication sector, was up 1.6% in value and 1.8% in volume in May 2025 when compared with April 2025.
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 | ||
| May 20252 | 167.8 | 157.3 | |
| April 2025 | 159.6 | 149.4 | |
| May 2024 | 138.8 | 124.8 | |
| % change | |||
| Monthly | 5.1% | 5.3% | |
| Annual | 20.9% | 26.0% | |
| 1 Based on Seasonal Patterns up to May 2025. | |||
| 2 Provisional Value Indices based on early returns from respondents. | |||
Figure 2a presents the monthly seasonally adjusted value and volume percentage changes for May 2025 compared with April 2025.
| Business Sectors | Monthly Seasonally Adjusted Value | Monthly Seasonally Adjusted Volume |
|---|---|---|
| Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles | 1.6 | 1.8 |
| Transportation & Storage | -2.9 | -1.9 |
| Accommodation & Food Service Activities | 1.7 | 1.8 |
| Information & Communication | 7.5 | 8.4 |
| Professional, Scientific & Technical Activities | 0.4 | 0.4 |
| Administrative & Support Service Activities | 2.1 | 6.6 |
| Other Service Activities | 9.7 | 7.9 |
| All Services | 5.1 | 5.3 |
Figure 2b shows the annual seasonally adjusted value and volume percentage changes for May 2025 compared with May 2024.
| Business Sectors | Annual Seasonally Adjusted Value | Annual Seasonally Adjusted Volume |
|---|---|---|
| Wholesale & Retail Trade; Repair of Motor Vehicles & Motorcycles | 0.4 | 0.2 |
| Transportation & Storage | 5.3 | 6.4 |
| Accommodation & Food Service Activities | 0.9 | -2.7 |
| Information & Communication | 37.5 | 45.7 |
| Professional, Scientific & Technical Activities | -3.8 | -5.6 |
| Administrative & Support Service Activities | 3.5 | 34.4 |
| Other Service Activities | 19.4 | 14.7 |
| All Services | 20.9 | 26 |
| Table 2 Seasonally Adjusted1 Indices for Monthly Services for All Sectors - Provisional Results May 20252 | |||||||
| 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 | 112.3 | 1.6 | 0.4 | 98.3 | 1.8 | 0.2 | |
| Transportation & Storage | 195.7 | -2.9 | 5.3 | 158.6 | -1.9 | 6.4 | |
| Accommodation & Food Service Activities | 216.4 | 1.7 | 0.9 | 171.4 | 1.8 | -2.7 | |
| Information & Communication | 201.8 | 7.5 | 37.5 | 198.6 | 8.4 | 45.7 | |
| Professional, Scientific & Technical Activities | 119.8 | 0.4 | -3.8 | 110.9 | 0.4 | -5.6 | |
| Administrative & Support Service Activities4 | 116.7 | 2.1 | 3.5 | 111.0 | 6.6 | 34.4 | |
| Other Service Activities | 201.1 | 9.7 | 19.4 | 165.3 | 7.9 | 14.7 | |
| All Services | 167.8 | 5.1 | 20.9 | 157.3 | 5.3 | 26.0 | |
| 1 Based on Seasonal Patterns up to May 2025. | |||||||
| 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 due to its scale.
In May 2025, the Modified Monthly Services Index, which represents All Services excluding Information and Communication sector, was up 1.6% in value and 1.8% in volume when compared with April 2025. Annually, the Modified Monthly Services Index increased by 1.5% in value and 2.5% in volume when compared with May 2024.
| Table 3 Seasonally Adjusted1 Indices for All Services excluding Information & Communication | |||
| Base Year (2021=100) | |||
| Value Index | Volume Index | ||
| May 20252 | 132.5 | 115.7 | |
| April 2025 | 130.4 | 113.6 | |
| May 2024 | 130.5 | 112.9 | |
| % change | |||
| Monthly | 1.6% | 1.8% | |
| Annual | 1.5% | 2.5% | |
| 1 Based on Seasonal Patterns up to May 2025. | |||
| 2 Provisional Value Indices based on early returns from respondents. | |||
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Statistician's Comment
The Central Statistics Office (CSO) has today (09 July 2025) published Monthly Services Index May 2025 (Provisional) and April 2025 (Final).
Commenting on the release, Tommy Allen, Statistician in the Enterprise Statistics Division said: “In May 2025 the overall index of All Services showed significant increases in both value (+5.1%) and volume (+5.3%) terms. This movement is a sharp reversal on the previous month and is largely driven by activity in the Information & Communication sector’s value (+7.5%) and volume (+8.4%) indices. The performance of the services economy excluding the Information & Communication sector can be observed in the Modified Monthly Services Index which displayed a more modest monthly increase of 1.6% and 1.8% in value and volume terms respectively.
The largest monthly value increases were in Other Service Activities (+9.7%) and Information & Communication (+7.5%). The only sector showing a value decrease was Transportation & Storage (-2.9%).
In volume terms, the largest monthly growth was observed in Information & Communication (+8.4%) and Other Service Activities (+7.9%), while Transportation & Storage (-1.9%) recorded the only monthly decline.
Looking at changes on an annual basis, the value of All Services was 20.9% higher and was up 26.0% in volume terms in May 2025 when compared with May 2024. This increase is largely driven by the strong performance of the Information & Communication sector over the previous 12months, up 45.7% in value and 37.5% and volume. The Modified Monthly Services Index shows All Services excluding Information & Communication grew by 1.5% in value and 2.5% in volume when compared with May 2024.
Users should note that this release now includes the Modified Monthly Services Index which provides greater insight into Ireland's services economy."