Monday 22 January 2018

Construction sector close to stabilisation, optimism higher - survey

Research suggests that the rate of decline in the construction industry has started to ease
Research suggests that the rate of decline in the construction industry has started to ease

THE construction sector moved closer to stabilisation in August while business optimism is at its strongest level since January 2007, the results of a new survey show.

The overall index came in at 49.7, just under the break-even 50 mark and putting it within reach of stabilisation for the first time in many years.

New business continued to show signs of growth in August although employment and purchasing activity are still falling with the rate of decline falling.

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