Subsistence index revised twice a year
The minimum subsistence index will be revised in January and in July every year, the president of the Social Welfare Bureau, Iong Kong Io, told reporters yesterday after the third meeting of the Social Services Committee.
Irish construction activity as measured by the Ulster Bank Construction Purchasing Managers' Index -- a seasonally adjusted index designed to measure the overall performance of Ireland's construction economy -- fell to a new survey low of 33.9 in May to signal a substantial deterioration in construction sector performance.