The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 19.9 in May, up from 4.5 in April. Index readings above 50 signal an increase in activity on the previous month and readings below 50 signal a decrease. Although weaker than the unprecedented decline seen in the previous month, the rate of contraction was still sharper than at any other time in 20 years of data collection.
The full Republic of Ireland Ulster Bank Construction PMI® Report is attached.
Marketing and Membership Administrator
Tel: 020 7747 8121 (direct line)