Irish construction activity in December suffered considerable deterioration in operating conditions
Jan 12th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish construction activity in December suffered considerable deterioration in operating conditions. Both activity and input prices fell at survey-record rates over the month. At 27.4 in December, the Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to measure the overall performance of the construction economy – indicated the steepest fall in overall construction activity since data were first collected in June 2000. More than 56% of panellists reported lower activity during the month, against less than 9% that noted a rise.