Irish construction sector sees broad-based decline as new business dries up

Construction activity fell again in August, as builders flagged a renewed reduction in new business with output falling across the housing, commercial and civil engineering sectors.

The latest AIB Construction Purchasing Managers’ Index shows purchasing activity was also scaled back, but companies continued to increase employment, in part due to positive expectations for the future.

Construction firms also reported a further sharp increase in input costs and an extension of suppliers' delivery times.

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