Further drop in building activity threatens housing targets

November records sees second consecutive month of building contraction

Building companies also showed a reluctance to take on additional staff, according to BNP Paribas Real Estate Ireland PMI. File Picture: Denis Minihane.

The pace of the slowdown in Ireland’s construction sector accelerated in November, adding to fears about meeting targets in the years ahead as the number of new housing projects commencing work tapers off.

The latest Construction Purchasing Managers’ Index shows activity in the sector fell for the second month running.