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Construction sector expansion slows

The growth in Ireland's construction industry activity slowed down during August, although the sector did continue to expand.

The Ulster Bank Construction Purchasing Managers' Index - a seasonally adjusted index designed to track changes in total construction activity - posted a reading of 56.5 in August, down from 59.1 in July. However, it was still well above the 50-point mark that indicates growth.

Ulster Bank Republic of Ireland chief economist, Simon Barry, said that the Irish construction sector experienced a further "solid" rise in activity in August, albeit with the pace of growth moderating since July". He added: "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."

Irish Independent