Further signs of slowdown in building

Further signs of a slowdown in construction output were noted last month, with the main barometer for the sector’s health showing a second consecutive monthly dip.

But, while the new Ulster Bank Construction PMI (purchasing managers’ index) shows a 2.6 point monthly drop for August to 56.5 points, it still illustrates that the sector (any reading over the 50 point mark signifies a sector in growth mode) is in relatively rude health.

Indeed, total building output has increased continuously throughout the past two years.