'Near record' costs weigh on Irish construction activity

Analysts are watching whether the huge turmoil caused by the Ukraine war which has further driven up energy costs so soon after the fallout on global supply chains from the Covid crisis.

Surging costs start to weigh on construction activity

Surging costs and prices are beginning to weigh on construction activity, according to purchasing managers working in the industry.

The BNP Paribas Real Estate Ireland Construction Index showed that costs rose at "near record" levels in April and new orders fell back for the first time since March last year.