Increases in the rate of job creation and business sentiment reached their highest level last month since the Ulster Bank Construction PMI report began in 2000. However, the headline index fell slightly to 58.8 from 59.4 in October, but remained well above the “neutral” 50 level, signalling solid ongoing expansion in activity levels.
The improvement in the construction sector has been underpinned by recoveries in both the housing and commercial areas where activity has now increased in each of the past five and four months respectively. Rising new business led companies to take on extra staff in November.
<b> <i> Sentiment is also improving. Two-thirds of survey respondents expect a growth in activity over the next 12 months, which surpasses the previous high set in July 2000.
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