Business Irish

Sunday 23 October 2016

Recovery 'solid' with construction up in July

Published 08/08/2016 | 02:30

Simon Barry of Ulster Bank
Simon Barry of Ulster Bank

House and commercial construction picked up in July. House building in particular still lags well behind market and social needs, but data from Ulster Bank's Construction Purchasing Managers' Index (PMI) suggests output wasn't affected by Brexit.

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The Index hit 61 in July, well over the 50 level marking the cut off between growth and contraction.

"The continuation of strong trends in overall activity and new business provides important encouragement that the sector's recovery is maintaining solid momentum at present," Ulster Bank's Simon Barry said.

Irish Independent

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