The Ulster Bank construction purchasing managers’ index (PMI), a seasonally-adjusted index which tracks the sector, stood at 62.3 in March, down from the 68.8 reading recorded in February but well above the 50 level that separates expansion from contraction. Activity in the sector has now increased in each of the last 31 months.
“Firms continue to report solid flows of new business," Ulster Bank chief economist Simon Barry said. "In turn, greater availability of tender opportunities continues to...
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