empty
 
 

2018.03.1205:54:00UTC+00Ireland Construction Growth Remains Strong

Ireland's construction activity continued to expand strongly in February, though the rate of expansion eased since January, survey data from IHS Markit showed Monday.

The Ulster Bank construction Purchasing Managers' Index fell to 59.2 in February from 61.4 in January. However, any reading above 50 indicates expansion in the sector.

"The February results mark four and a half years of continuous expansion among Irish construction firms, and forward-looking elements of the survey suggest that near-term prospects remain positive," Simon Barry, Chief Economist Republic of Ireland at Ulster Bank, said.

Among three monitored categories, the fastest growth was on housing projects. Commercial activity also grew markedly, while civil engineering activity registered a moderate increase.

New orders increased sharply, with the rate of growth little-changed from January's six-month high.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback