Construction up for tenth time in a row



Construction continued to grow in April as business confidence in the sector is now at its strongest since June 2000, according to the Ulster Bank Construction Purchasing Managers’ Index.

The monthly construction purchasing managers’ index (PMI) from Ulster posted an overall score of 63.5 points for April - up from a reading of 60.2 points in March. Any level above 50 points indicates expansion.

“The results of the April survey of the Ulster Bank Construction PMI point to a further strengthening of the recovery in Irish construction last month. There was a marked acceleration in overall activity in April as the headline PMI reached its highest level since the end of 2004,” said, Simon Barry, chief economist Republic of Ireland at Ulster Bank.