Property

Decline in construction sector slowed in ‘broadly positive’ September

Demand in the industry stabilised after two months of sharp contraction

September saw the pace of rising costs slow after input cost inflation picked up in July and August. Picture: Getty

The decline of activity in the construction sector slowed in September after two months of sharp contraction, according to new research from BNP Paribas, the global financial services company.

The headline BNP Paribas Real Estate Ireland Construction Total Activity Index - which tracks changes in the total volume of construction activity compared with one month previously - fell short of the crucial 50.0 mark last month, posting 48.6 and signalling a reduction in activity.

The ...