Irish construction activity fell to new low in May; Substantial deterioration in performance reported as Housing, Commercial and Civil Engineering activity slumped
Jun 9th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish construction activity as measured by the Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to measure the overall performance of Ireland's construction economy – fell to a new survey low of 33.9 in May to signal a substantial deterioration in construction sector performance. The PMI has now signalled contraction in each month of the past year.