Tag Archives: PMI

Activity in the construction sector has fallen again

Activity in construction sector falls again

Activity in the Irish construction sector fell again at the start of 2012, after stabilising towards the end of last year. The Ulster Bank Construction Purchasing Managers index fell to 46.4 in January from 49.9 in December. Any figure below 50 signals contraction, while a figure above 50 signals growth. The index looks at three [...]

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No ECB cuts expected this month

The European Central Bank, after two recent interest rate cuts and a series of unprecedented liquidity measures, will hold its fire this month, as it assesses the impact of those previous measures, analysts have predicted. The recent raft of economic data, notably in Europe’s economic powerhouse Germany, has been surprisingly positive, so the bank at [...]

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Simon Barry of Ulster Bank

Data shows construction sector may be stabilising

New data shows that the total activity at Irish construction firms fell slightly during December and that new orders rose – suggesting a stabilisation of the sector at the end of 2011. The December Ulster Bank Construction Purchasing Managers Index (PMI) rose to its highest level in over four and a half years. This sparked [...]

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Simon Barry of Ulster Bank

Rate of decline slows in construction industry

Activity at Irish construction companies continued to fall in November, although the rate of decline slowed. New business declined marginally as clients remained cautious regarding economic conditions. Meanwhile, firms reduced employment again, and at a substantial pace. The Ulster Bank Construction Purchasing Managers’ Index (PMI)  –  a seasonally adjusted index designed to track changes in [...]

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