Construction sector growth slows
But the industry continues to grow, with construction activity increasing for 27 consecutive months. The Ulster Bank Construction Purchasing Managers’ Index recorded a reading of 58.2 in November, down from 59.2 in the previous month. Any reading above 50 indicates that the sector expanded.
Ulster Bank economist Pat McArdle said the housing market was once again coming to the rescue of the economy. Both the civil engineering and commercial building sectors also experienced growth, though housebuilding increased at the fastest pace for three months.
