Building sector expands again in May

8th June, 2015

Activity in the construction sector picked up again in May, boosted by strong growth in new orders although input costs continued to rise as the sector felt the impact of the weak euro, according to a new survey.

The Ulster Bank construction purchasing managers’ index (PMI), a seasonally-adjusted index designed to track changes in the sector, rose to 63.3 in May from 57.2 in April, the sharpest rise in activity since last November.

The index has...

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