PMI reports increase in construction activity
The September construction PMI (purchasing managers’ index) shows house-building activity grew at its fastest rate since 2000.
The PMI report – a seasonally adjusted index designed to track changes in total construction activity – posted 61.5 in September, broadly unchanged from the reading of 61.4 in August and thereby signalling a further strong rise in activity at Irish construction firms.
New business and employment both rose at sharper rates than in August. Commercial construction also rose at a sharp pace, although growth was at a slightly slower rate than in August. The commercial index read 62.7 in September, below the previous month’s figure of 63.2.
