Ireland Construction Growth At 6-Month High

Ireland Construction Growth At 6-Month High

Housing activity continued to increase in the month, becoming the fastest growing area of the construction industry in April.

The pace of growth in the construction sector continued to rise in April to a new six month high, the latest Purchasing Managers Index from Ulster Bank shows. The positive messages from the headline index were reinforced by a further strong increase in new business, with the new orders index also rising to its highest level since October.

All three subsectors - civil engineering, commercial activity and residential construction - posted increases in activity, with civil engineering recording what Ulster Bank said was a "welcome return" to growth in April.

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Among sectors, the stronger growth recorded on housing activity, following by commercial projects.

The civil engineering area also returned to growth following five months of contraction. At the same time, civil engineering activity registered an increase for the first time since September past year.

He said: "It's a really strong start to the second quarter of the year for Irish construction (but) the process will take time (to affect the housing crisis)". Improving economic conditions and particular strength in the housing sector were seen as being the main reasons for optimism.

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