Irish construction activity declined at faster rate in November
Dec 13th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Activity in the Irish construction sector sank further in November, with the pace of contraction accelerating. New business and employment also fell at faster rates, while business sentiment was negative for the first time since last December. The Ulster Bank Construction Purchasing Managers’ Index (PMI) -- a seasonally adjusted index designed to track changes in total construction activity – fell for the third month running to 41.7 in November, from 42.3 in October. The reading signalled a substantial decline in construction activity that was the fastest since May.