Irish construction activity contracted for the 17th consecutive month in February, raising concerns over the government's 33,450 new homes target.
Irish construction activity contracted for a 17th consecutive month in February, raising concerns over the government's target to complete 33,450 new homes this year. The BNP Paribas Real Estate Ireland construction purchasing managers index for residential activity rose slightly to 49.8 in February but remains below 50, indicating contraction. This puts the government's target, which is 2.3% higher than the 2022 figure, at risk.
March 11, 2024
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