Irish Construction PMI: April data signalled record falls in activity, new orders and employment
May 12th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Irish Construction PMI: At 34.3 in April, the Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to measure the overall performance of the construction economy – pointed to the sharpest deterioration in the health of the Irish construction economy since the survey began in June 2000. The PMI has now signalled contraction in each month since June 2007. The substantial fall in construction activity during April was largely attributed to lower new order volumes (which also declined at a record pace).