Building sector declines again

The construction sector plunged further into decline last month, with one of the main industry barometers measuring the sharpest rate of deterioration for more than six months.

April’s Ulster Bank Construction PMI — published this morning — shows a reading of 41.9 points. This is down from a 43.1 point reading for March and a 45.9 one for February.

The industry has now been in steady decline for 71 consecutive months.