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Further decline in construction

THE latest Construction Purchasing Managers' Index shows that the construction sector continued to see a decline in activity levels last month.

But the Ulster Bank Construction Purchasing Managers' Index reveals the rate of decline in activity slowed over the month, while new business was broadly unchanged.

Cost inflation accelerated markedly last month, mainly due to higher fuel prices. The index saw activity rising to 46.7 in March from 45.8 in the previous month.

The index saw activity rising to 46.7 in March from 45.8 in the previous month. A figure above 50 means activity grew, below 50 means activity fell.

The latest reading pointed to a further reduction in activity, albeit the slowest in 2012 to date. Construction companies linked the fall in activity to fragile confidence among clients.

However, the rate of decline in activity slowed over March, while new business was broadly unchanged.


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