The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – dropped to 53.7 in December, down from 56.3 in November. The reading signalled a further solid increase in activity in the sector, albeit the softest in the current eight-month sequence of expansion. Where activity rose, panellists generally linked this to improving client demand. 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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