Irish construction activity continued to slide in October
Nov 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish construction activity continued to slide in October and the sector remained some way from recovery in October, the latest PMI Purchasing Managers' Index) data showed. Activity continued to fall at a considerable pace, largely reflecting a further decline in new business. Employment was also cut sharply again during the month. The Ulster Bank Construction Purchasing Managers’ Index (PMI) - - a seasonally adjusted index designed to measure the overall performance of the construction economy - - rose only slightly in October to 34.5, from 34.2 in September. Activity has contracted in each month since June 2007.