Irish Construction Sector monitors fastest rise in a decade
The Ulster Bank construction purchasing managers’ index (PMI), which monitors the health of the sector, rose from 61.5 in September to 64.9 last month with commercial activity expanding at a strong pace from 62.7 to 66.8 and the civil engineering facet of the index rising from 45.1 to 50.6. This was the second highest reading since the survey began in June 2000, only behind the reading seen in November 2004.
The index examines three areas of construction – civil engineering, housing and commercial and for the first time since October 2006, each of the three sectors posted rises in construction activity.
