Construction activity ramped up in June following loosening of restrictions
The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – remained well above the 50.0 no-change mark in June 2021, posting 65.0 following a reading of 66.4 in May. Activity increased for the second month running following the full reopening of the sector and at one of the strongest rates since the survey began 21 years ago. Index readings above 50 signal an increase in activity on the previous month, and readings below 50 signal a decrease.
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