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Growth in Ireland's construction sector slowed in August

The rate of growth in Ireland's construction sector slowed in August, this was the second month i...
Newstalk
Newstalk

09.09 14 Sep 2015


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Growth in Ireland's co...

Growth in Ireland's construction sector slowed in August

Newstalk
Newstalk

09.09 14 Sep 2015


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The rate of growth in Ireland's construction sector slowed in August, this was the second month in a row when growth slowed in the industry.

Ulster Bank's Construction Purchasing Managers' Index was at 56.5 in August - down from 59.1 in the previous month.

Any figure over 50 indicates growth.

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The sector has been consistently growing for the last two years, and came close to hitting a record high in June of this year.

The index covers three sectors of construction, residential, commercial and civil engineering - the commercial sector has seen the strongest growth.

Simon Barry, Ulster Bank Republic of Ireland chief economist commented on the figures:

"Solid, but somewhat slower rates of expansion were also recorded in residential and commercial activity though a second consecutive decline in civil engineering activity highlights this sub-sector remains a relatively weak spot."


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