The building industry’s revival continued in August, which marked its 12 straight months of growth since it began emerging from recession last year, according to figures out today.
The Ulster Bank Construction Purchasing Managers’ Index (PMI), which tracks the sector’s performance on a monthly basis, hit 61.4 in August, indicating that the industry grew strongly during the month. Simon Barry, chief economist Republic of Ireland at Ulster Bank said: “Trends in the Irish construction sector continue to show strong improvement
Meanwhile, Building group Sisk looks poised for further growth in Britain after being tipped to win a €50 million contract to build a series of student accommodation blocks in Birmingham – ahead of a number of bigger rivals. Local sources say the Irish group’s British subsidiary, John Sisk, is best placed to win the job ahead of larger rivals such as Kier, Morgan Sindall, and McAleer & Rushe.
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