Tuesday 13 November 2018

Construction industry grew again in November - PMI

File photo of cranes at a construction site, as workers at a school building project in Dublin are occupying a crane in protest over what they say is under payment of workers. Photo: Nick Ansell/PA Wire
File photo of cranes at a construction site, as workers at a school building project in Dublin are occupying a crane in protest over what they say is under payment of workers. Photo: Nick Ansell/PA Wire

Independent.ie reporters

THE construction industry grew again in November although the reading was down slightly on the previous month.

The index had a reading of 63.5 in November, down from 64.9 in October but it has still risen for 15 months in a row. 

Three quarters of building firms said they expect business to improve in the coming year.

The index examines housing, commercial activity and civil engineering.

"Activity trends are being underpinned by substantial increases in new business flows, with companies attributing the latest expansion to general improvements in the construction market and stronger economic confidence," commented Ulster Bank's chief economist Simon Barry.

Online Editors

Business Newsletter

Read the leading stories from the world of Business.

Also in Business