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Construction in Ireland expands at fastest pace in five months

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Staff Writer |
Construction in Ireland
Ireland   Ulster Bank Construction PMI Report (RoI)

Construction activity increased sharply during November, with the rate of growth accelerating from the previous month.

New orders and employment also rose at stronger rates, related to improving economic conditions, stronger client confidence and efforts to expand activity.

The Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to track changes in total construction activity – rose to 56.7 in November, up from 54.5 in October and pointing to the fastest rise in activity in five months.

The sharp increase extended the current sequence of expansion to 51 months.

According to respondents, higher new orders was the main factor leading activity to rise.

For the second month running, the housing sub-sector was the best performing of those covered by the survey.

Activity on residential projects increased sharply, and to the greatest extent since June.

Commercial activity also rose at a faster pace in November.

Meanwhile, civil engineering activity continued to fall, albeit to a lesser extent than in October.

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