Construction tipped to maintain recovery

Overall growth in construction activity eased to its slowest pace in three months during December, but the sector is still expected to maintain its recent recovery throughout 2015.

The latest edition of Ulster Bank’s construction PMI (purchasing managers’ index) — and the last one for 2014 — shows a reading of 63.1 points for December.

This was down, marginally, on November’s 63.5 point reading. Anything above 50 points indicates a sector in growth mode.