Index shows construction sector in fifth straight year of decline

The construction sector has just entered its fifth straight year of decline and is continuing to lose jobs, according to the latest Ulster Bank Construction Purchasing Managers' Index published today.

The May index was measured at 46.3 points. Although better than the 45.4 reading in April, it is still well below the neutral 50 point mark, which divides an industry in growth mode from one in decline.