Construction activity drops for a fourth straight month

Completions have been rising faster than commencements in recent months, causing the number of units under construction to edge lower

The rate of job creation in the sector was solid and faster than that seen in the preceding survey period. Picture Denis Minihane.

Construction activity contracted again last month, the fourth consecutive monthly reduction in output.

According to the seasonally adjusted Construction Total Activity Index, the pace of decline was solid and faster than that seen in September but was less pronounced than the contractions recorded over the summer.