According to The Irish Independent, the growth rate of Ireland's construction industry in March this year reached a new high since January 2006. The construction industry's new orders, new employment, and industry sentiment index all showed comprehensive improvement. Residential construction has increased for the 9th consecutive month, and new employment in the construction sector has increased for the 7th consecutive month.
The latest Construction Purchasing Managers' Index (PMI) released by Ulster Bank, a major Irish bank, shows that the index in Ireland rose from 56.2 in February of this year to 60.2 in March. An index exceeding 50 indicates growth in the industry.
Source: Ministry of Commerce Website
