Jobs in sector cut but rate of contraction eases

THE construction sector has cut jobs for the 28th month in succession, according to Ulster Bank Construction Purchasing Managers’ Index.

The seasonally adjusted index, designed to measure the overall performance of the construction economy, rose slightly to 38.8 in August, from 37.9 in July.

However, while the rate of contraction eased to its slowest since November 2007, it was still substantial.