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Construction sector shows renewed instability

Irish construction activity and new business both declined at faster rates in February, continuing the worsening of operating conditions following the stabilisation at the end of 2011.

12th March, 2012
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Irish construction activity and new business both declined at faster rates in February, continuing the worsening of operating conditions following the stabilisation at the end of 2011, according to the latest Ulster Bank Construction Purchasing Managers’ Index (PMI).

But employment fell at a much weaker pace and the level of optimism was broadly in line with that seen in January, it showed. The seasonally adjusted index, designed to track changes in total construction activity, dropped...

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