Irish construction sector posted another sharp fall in employment in August
Sep 14th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Irish construction sector posted another sharp fall in employment in August. Activity and new orders also fell despite the easing of rates of decline. Sentiment regarding future activity levels remained muted. The Ulster Bank Construction Purchasing Managers’ Index (PMI) - - a seasonally adjusted index designed to measure the overall performance of the construction economy - - rose slightly to 38.8 in August, from 37.9 in July. Although the rate of contraction eased to its slowest since November 2007, it was still substantial. Falling activity largely reflected a drop in new business.