Construction

Activity in construction sector slows for sixth month in a row – report

In response to the higher new order intakes, companies added to their headcounts again in March however

Inflationary pressures continue to be a headwind across the construction sector Photographer: Chris Ratcliffe/Bloomberg

New business in the construction sector expanded for a second consecutive month during March, a contrast to the reduction seen in overall activity in the industry, however activity overall was down for the sixth month in a row.

This is according to the latest construction purchasing managers’ index (PMI) from BNP Paribas Real Estate Ireland.

Panel members surveyed mentioned some strengthening in underlying demand conditions, with new projects currently underway and an increasing number of ...