Activity at construction companies declines for 47th month in a row

LAST month was another poor one for the construction industry as more firms cut jobs as workloads fell.

Irish construction activity continued to decline in April as new business fell further, according to the Ulster Bank Construction Purchasing Managers’ Index (PMI).

The index, which tracks changes in construction activity, fell to 43.7 in April from 46.1 in March. Activity at construction firms in Ireland has now decreased in each of the past 47 months.