Significant increase in construction activity in May

Significant increase in construction activity in May

Irish construction activity rose at a sharp pace in May, according to the latest PMI report from Ulster Bank.

The seasonally adjusted index, designed to track changes in total construction activity, rose to 63.6 in May - up from 61.3 in April.

The reading signaled a significant monthly increase in construction activity, and the fastest since February 2016.

Activity has now risen in each of the past 45 months, according to the Construction Purchasing Managers Index.

Significant increase in construction activity in May

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