Building work up 16% in Q2

Irish construction output grew by 16.5%, year-on-year, in volume terms during the second quarter of the year, according to fresh CSO data published yesterday.

On a rolling quarter-by-quarter basis, the second three months of the year saw a 6.3% increase in building work. On an annualised basis, the value of construction production grew by 17% in the quarter, according to the CSO.

The growth was mainly driven by the residential sector, but was only cautiously welcomed by analysts.