Irish construction activity fell again at the start of 2012
After stabilising at the end of 2011, Irish construction activity fell again at the start of 2012 as new business returned to contraction territory.
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.