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Monthly Services Index May 2025 (Provisional) and April 2025 (Final)

Value of All Services up 5.1% and volume up 5.3% in May 2025

Online ISSN: 2009-5074
CSO statistical release, , 11am

Key Findings

  • 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.

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."

Seasonally Adjusted Value and Volume Index for Monthly Services

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).

Figure 1: Seasonally Adjusted Value and Volume Indices for All Services, May 2023 – May 2025
Table 1 Seasonally Adjusted1 Indices for All Services
 Base Year (2021=100)
  Value Index Volume Index
May 20252167.8 157.3
April 2025159.6 149.4
May 2024138.8 124.8
% change   
Monthly5.1% 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.

Monthly and Annual Seasonally Adjusted Value and Volume percentage changes

Figure 2a presents the monthly seasonally adjusted value and volume percentage changes for May 2025 compared with April 2025.

Business SectorsMonthly Seasonally Adjusted ValueMonthly Seasonally Adjusted Volume
Wholesale & Retail Trade; Repair of Motor Vehicles
& Motorcycles
1.61.8
Transportation & Storage-2.9-1.9
Accommodation & Food Service Activities1.71.8
Information & Communication7.58.4
Professional, Scientific & Technical Activities0.40.4
Administrative & Support Service Activities2.16.6
Other Service Activities9.77.9
All Services5.15.3

Figure 2b shows the annual seasonally adjusted value and volume percentage changes for May 2025 compared with May 2024.

Business SectorsAnnual Seasonally Adjusted ValueAnnual Seasonally Adjusted Volume
Wholesale & Retail Trade; Repair of Motor Vehicles
& Motorcycles
0.40.2
Transportation & Storage5.36.4
Accommodation & Food Service Activities0.9-2.7
Information & Communication37.545.7
Professional, Scientific & Technical Activities-3.8-5.6
Administrative & Support Service Activities3.534.4
Other Service Activities19.414.7
All Services20.926
Table 2 Seasonally Adjusted1 Indices for Monthly Services for All Sectors - Provisional Results May 20252
Base Year: 2021=100
 Services Value Services Volume
SectorIndexMonthly % changeAnnual % change IndexMonthly % changeAnnual % change
Wholesale & Retail Trade; Repair of Motors Vehicles and Motorcycles3112.31.60.4 98.31.80.2
Transportation & Storage195.7-2.95.3 158.6-1.96.4
Accommodation & Food Service Activities216.41.70.9 171.41.8-2.7
Information & Communication201.87.537.5 198.68.445.7
Professional, Scientific & Technical Activities119.80.4-3.8 110.90.4-5.6
Administrative & Support Service Activities4116.72.13.5 111.06.634.4
Other Service Activities201.19.719.4 165.37.914.7
All Services167.85.120.9 157.35.326.0
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.

Modified Monthly Services Index

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. 

Figure 3: Seasonally Adjusted Value and Volume Indices for All Services excluding Information & Communication, May 2023 - May 2025
Table 3 Seasonally Adjusted1 Indices for All Services excluding Information & Communication
 Base Year (2021=100)
  Value Index Volume Index
May 20252132.5 115.7
April 2025130.4 113.6
May 2024130.5 112.9
% change   
Monthly1.6% 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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