Irish construction data for January signalled a further sharp deterioration in operating conditions
Feb 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish construction data for January signalled a further sharp deterioration in operating conditions. Activity declined at a survey record pace, while job shedding intensified. At 25.7 in January, the Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to measure the overall performance of the construction economy – registered its lowest level since data were first collected in June 2000, exceeding the previous record low of 27.4 posted in December. Activity has now contracted continuously since June 2007.