Further decline in construction sector

Civil engineering is the worst performing sector in Ireland, but those still involved in the construction industry are optimistic for the next 12 months, even as its year-on-year decline continues.

The National Housing Construction Index — compiled by Link2Plans — shows applications for house construction are down 7% on the previous year, while commencements are down 15%.

The construction sector remained deep in contraction territory during May, with further sharp declines in activity and new orders recorded, according to the Ulster Bank Construction Purchasing Managers’ Index.