Growth in Irish construction declines from "extremely high" levels in May

The expansion of activity in the Irish construction sector slowed in June relative to the "extremely high" levels recorded the previous month, according to Ulster Bank,

. 61.8 in May, with total activity in the sector increasing in each of the last 58 months. A reading greater than 50% indicates an expansion in the sector.

"The latest findings, along with anecdotes from survey respondents, continue to highlight that housing and trade remain particularly strong sectors in the sector, although growth has slowed somewhat in June relative to the unusually high rates. highs recorded in May. "said Simon Barry, chief economist of the Republic of Ulster Bank.

"Other elements of the survey also point to a very positive picture, with the job creation pact accelerating further as new businesses also progress very rapidly."

The index of housing activity fell The business turnover rose from 65.2 to 60.4, while business activity went from 65.6 to 62.0, according to Ulster Bank.

Employment rose again in June, prolonging the current job creation sequence to 58 months. In addition, the pace at which enrollments increased was faster than in the previous month, with respondents to the latest monthly survey indicating that increased demand has led them to recruit additional staff

. Activity hit a six-month low in June, but remained high. According to Ulster Bank, nearly 55% of respondents expect a rise in activity over the coming year, reflecting forecasts of improved economic conditions and the growth of new orders .