Construction sector growth stalled last month

The rate of growth in the construction sector had a sharp drop in February with activity down across most areas, according to the latest Ulster Bank construction index.

The index averaged 52 in February, which is down from the 57.1 posted in January. Any reading above 50 denotes expansion.

“The February results of the Ulster Bank Construction PMI survey point to a notable loss of momentum in Irish construction activity last month.