13th May 2025 02:49
(Alliance News) - Ireland's construction sector continued to grow in April despite a slowdown in momentum, S&P Global reported on Tuesday.
The AIB Ireland construction purchasing managers' index posted 52.4 in April, down from 53.9 in March.
A reading above the 50.0 neutral mark indicates growth in business activity from the previous month, while a reading below signals a contraction.
John Fahey, AIB senior economist, said: "From a sectoral perspective, the improvement in activity levels remained broad-based. Of the three sub sectors, Commercial activity was once again the best performing, although its pace of growth moderated compared to March.
"Meanwhile, the residential sector recorded its eighth consecutive month of growth, but at a slightly slower rate versus March. Elsewhere, civil engineering continued to show signs of improvement, with output rising for a second month in-a-row."
Growth during the month was attributed by firms to an improvement in demand conditions, with new orders rising for the third straight month.
Whilst some expressed concern over the impact of US trade policy, looking ahead, S&P Global found that many in the sector were optimistic about the possibility of increased activity levels in the next 12 months.
S&P Global compiles the PMI figure each month using survey responses from a panel of around 150 construction companies.
By Elijah Dale, Alliance News reporter
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