Construction activity falls for first time in three months
The headline seasonally adjusted AIB Ireland Construction Total Activity Index dipped to 49.2 in May from 52.4 in April, posting below the 50.0 no-change mark for the first time in three months and signalling a slight reduction in total construction activity midway through the second quarter. Picture: iStock
Irish construction firms saw a reduction in activity for the first time in three months during May amid market uncertainty and signs of demand easing, AIB has found.
Publishing its latest Ireland Construction PMI, the lender noted that new order growth continued, but the rate of expansion softened to a three-month low.
