The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – ticked up to 56.9 in October from 56.3 in September. Index readings above 50 signal an increase in activity on the previous month and readings below 50 signal a decrease. The latest figure signalled a marked increase in construction activity, with the rate of expansion accelerating slightly. Activity has now risen in each of the past six months. According to respondents, growth reflected an improving picture for new orders, some of which continued to be linked to the release of pent-up demand following the COVID-19 pandemic.
The full Republic of Ireland Ulster Bank Construction PMI® Report is attached.
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