The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – rose to 53.5 in November, up from 48.6 in October, and signalled an expansion of construction activity for the first time in four months. Moreover, the rate of expansion quickened to the sharpest since August 2019. Index readings above 50 signal an increase in activity on the previous month and readings below 50 signal a decrease. Where activity rose, panellists generally linked this to higher demand.
The full Republic of Ireland Ulster Bank Construction PMI® Report is attached.
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