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        Construction activity down again

        Date:Oct 8,2012

        A further decline in activity was recorded in construction in September as the amount of new business fell.

        Reducing workloads also led to cuts in employment and purchasing activity, according to the Ulster Bank Construction Purchasing Managers' Index.

        The rate of cost inflation quickened as higher oil and fuel costs produced rising prices. Those surveyed linked the latest fall in activity to lower levels of new orders amid weakened confidence.

        Simon Barry, chief economist for the Republic of Ireland at Ulster Bank, said: "The survey results for September show that while the pace of contraction eased very slightly last month, the sector continues to exhibit widespread weakness."

        He added: "The rate of contraction did ease a touch in the housing and commercial arenas, but there was a pronounced weakening in civil engineering where activity is now falling at its sharpest pace since the end of 2010."

        A further decline in activity was recorded in construction in September as the amount of new business fell.

        Reducing workloads also led to cuts in employment and purchasing activity, according to the Ulster Bank Construction Purchasing Managers' Index.

        The rate of cost inflation quickened as higher oil and fuel costs produced rising prices. Those surveyed linked the latest fall in activity to lower levels of new orders amid weakened confidence.

        Simon Barry, chief economist for the Republic of Ireland at Ulster Bank, said: "The survey results for September show that while the pace of contraction eased very slightly last month, the sector continues to exhibit widespread weakness."

        He added: "The rate of contraction did ease a touch in the housing and commercial arenas, but there was a pronounced weakening in civil engineering where activity is now falling at its sharpest pace since the end of 2010."

        TypeInfo: news

        Keywords for the information:mineral fiber ceiling board