Construction sector expands at fastest pace in seven months

Activity in the sector has now increased in each of the past 29 months, a new survey shows

Activity in the construction sector expanded at the fastest pace since June.Pic: RollingNews.ie

Growth in the Irish construction sector strengthened at the start of 2016, with activity rising at the fastest pace in seven months on the back of a pick-up in new business, a new survey shows.

The Ulster Bank construction purchasing managers’ index (PMI), a seasonally-adjusted index which tracks the sector, rose sharply to 63.6 in January from 58.6 in December, the fastest expansion since June. Activity in the sector has now increased in ...