According to a comprehensive report by WorldWay: A sample survey by Ulster Bank shows that in June 2014, the Purchasing Managers' Index (PMI) for the Irish construction sector remained at a high level of 59.9, indicating that the industry's business activities continue to expand. This marks the tenth consecutive month of growth for the Irish construction sector.
Among these, growth in the commercial real estate and public projects sectors was relatively moderate, while growth in the residential projects sector accelerated significantly, indicating that the market has begun to respond to the existing housing shortage. Analysts state that the growth of the construction industry will have a positive driving effect on employment and domestic demand.
WorldWay Editor
