Business Irish

Wednesday 18 September 2019

Housing drives jobs boost

Construction firms continued to record strong growth of activity last month Stock photo: PA
Construction firms continued to record strong growth of activity last month Stock photo: PA
Dearbhail McDonald

Dearbhail McDonald

Irish construction firms are taking on extra staff, pushing the sharpest rise in employment since February, according to Ulster Bank's latest Construction PMI.

Construction firms continued to record strong growth of activity last month, supported by a further sharp increase in new orders.

Simon Barry, chief economist (RoI) at Ulster Bank, said whilst details across the main sub-sectors painted a "mixed picture", there was a very encouraging further acceleration in residential activity which took the Housing PMI to its highest level since February.

"This is further welcome evidence of sustained, solid expansion in an area where strong performance is badly needed given the housing supply shortfall," said Mr Barry.

Irish Independent

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