Commercial construction activity plummets amid continued contraction in sector
New research from BNP Paribas suggests poor demand is strangling activity
Commercial building activity has fallen at the sharpest rate in over two years, according to new research from BNP Paribas, a “welcome development” in light of high vacancy rates in the sector.
The reduction formed part of a wider contraction of the construction industry, which saw a renewed decline in August, and coincides with input price inflation hitting a four-month high.
The headline BNP Paribas Real Estate Ireland Construction Total Activity Index - which tracks ...