Construction sector continues to grow, figures show

Construction sector continues to grow, figures show

The Irish construction sector is continuing to grow, according to the latest figures from Ulster Bank for August.

The new Ulster Bank Construction Purchasing Mangers' Index shows construction activity rose sharply last month amid strong increases in housing and commercial activity.

Higher workloads led builders to increase their staffing levels and purchasing activity.

Meanwhile, the rate of input price inflation quickened amid rising costs for a range of raw materials.

The index posted 58.3 in August, down from 60.7 in July but is still pointing to a sharp monthly rise in construction activity.

For the second consecutive month, all three sub-sectors registered positive growth, with housing remaining the strongest performing category.

The survey results also mark the 60th consecutive monthly expansion of construction activity, indicating that survey respondents have now been in recovery mode for five years, following the extreme collapse which took hold during the financial crisis.

Digital Desk

More in this Section

Belfast port workers don 5G headsets to live stream work to baseBelfast port workers don 5G headsets to live stream work to base

IDA Ireland: Era of optimism with growth evident in all sectorsIDA Ireland: Era of optimism with growth evident in all sectors

Global computer giant in recruitment mode Global computer giant in recruitment mode

Judge grants union motion to put stay on Ryanair action against itJudge grants union motion to put stay on Ryanair action against it


Lifestyle

Mountaintop monasteries, vicious-looking vultures, and a seriously impressive cable car.As Ryanair launches flights to Armenia, here’s why it deserves to be your next holiday destination

Jools Holland and his Rhythm & Blues Orchestra played a storming gig at Cork Opera House, writes Des O'Driscoll Live Music Review: Jools Holland and his Rhythm & Blues Orchestra

Concerns about people’s ability to access their own money have been growing – here’s what the debate is all about.Are we actually going to end up as a cashless society?

Everything entertainment you need to look out forScene & Heard: Everything entertainment you need to look out for

More From The Irish Examiner