The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – dipped to 57.5 in August f rom 62.8 in July. Although the reading was the lowest since COVID-19 Restrictions on the sector were lifted, the latest figure still pointed to a marked expansion in construction activity during the month. Anecdotal evidence suggested that companies continued to benefit from improvements in demand following the reopening of the sector. Index readings above 50 signal an increase in activity on the previous month and readings below 50 signal a decrease.
The full Republic of Ireland Ulster Bank Construction PMI® Report is attached.
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