Construction sector posts 10th straight month of expansion

Posted by | July 14, 2014 | Uncategorized | No Comments
CLS Jobs

THE construction sector continued to expand at a breakneck pace in June, as the turnaround in the industry showed few signs of slowing down.

The latest construction purchasing managers’ index (PMI) from Ulster Bank came in at 59.9 in June, the 10th consecutive month that activity in the sector has grown.

Ulster Bank’s chief economist for the Republic Simon Barry said the figures were “robust”. “The June survey affirmed that housing and commercial activity remain areas of particular strength as each sub-sector registered further rapid rises in activity.
For the year, near-term prospects for the Irish construction sector continue to look favorable, with few negative indicators, said Mr Barry.

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