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Recovery of construction continues despite sharp rise in prices

Index figures show continuation of strong growth through middle of the fourth quarter Construction’s recovery continued its momentum last month, despite sharply rising prices, figures published on Monday show.

House and commercial building grew along with big civil engineering projects in November, according to the Ulster Bank construction purchasing managers’ index (PMI).

The index returned an overall reading of 56.3 for the month, slightly behind the 56.9 recorded in October.

Any figure above 50 means that construction expanded on the previous month, while any number below that shows that it shrank.

Read the full details in the Irish Times

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