Irish services sector suffers record collapse in March - PMI
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DUBLIN (Reuters) - Activity in the Irish services sector collapsed in March, a survey showed on Friday, marking its sharpest monthly decline on record and leaving little doubt that the economy was headed for recession as the coronavirus pandemic hammers business.The AIB IHS Markit Purchasing Managers' Index (PMI) for services fell to 32.5 from 59.9 in February, below the 50 mark that separates growth from contraction for the first time since 2012 when years of strong growth in the economy..