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ACTIVITY IN THE Irish construction sector continued to rise during the month of February, according to the Ulster Bank Construction Purchasing Managers’ Index.
Activity has now increased for the past six months.
Housing
On a sectoral basis, the sharpest expansion in activity was again recorded on residential projects.
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A further marked increase in commercial activity was registered, while civil engineering activity continued to fall at a sharp pace during the month.
The index – a seasonally adjusted index designed to track changes in total construction activity – registered at 56.2 in February, broadly unchanged from the reading of 56.4 in January but signalling a further sharp rise in activity in the construction sector.
Simon Barry, Chief Economist Republic of Ireland at Ulster Bank said that the index was essentially unchanged in February and remains well above the expansion threshold of 50.
“Indeed, the Construction PMI has been above 50 for six months in a row now – an important sign that recovery in the sector is becoming increasingly well-established. The pick-up in activity is translating into a welcome rise in staffing levels, with the employment index also registering a sixth consecutive monthly expansion in February,” he said.
He said further growth in new orders is reported as better market conditions are generating stronger pipelines of new business.
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Dept of Foreign Affairs is kind of late to the party with that advice. The east coast airports are closed. People couldn’t travel even of they wanted to.
No, but like I said, if you’re not currently in Ireland and happened to be, say, elsewhere in the USA, perhaps you were intending to drive to the north-east?
You’d be surprised (maybe not) at the stupidity of some people still.
Some still have to be told these things sadly.
Like the America packets of peanuts that has on the packets “Warning: Contains nuts” Loads of similar examples available).
Silly to state these things but sadly have to still be done because people can be stupid.
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