Construction activity continues decline as total home completions fall short of targets

AIB PMI shows Ireland’s construction sector remained in contraction in January, with residential activity weakening while commercial projects improve slightly

This is the ninth straight month in a row a PMI reading of below 50 has been recorded. File photo

The construction sector saw another decline in activity during January with the residential sector extending its current period of contraction to nine months, the latest AIB Construction Purchasing Managers Index (PMI) shows.

The sector’s PMI reading for January stood at 48.6, which is marginally better than the 48.4 recorded in December but still below the breakeven level of 50. This is the ninth straight month in a row a PMI reading of below 50 has been recorded.