Uncertainty caused by the war in the Middle East led to a renewed contraction in the Irish construction sector in April, a new survey shows today.
The AIB Ireland Construction Total Activity Index dropped back below the 50 no-change mark in April, falling to 47.1 from 53.2 in March.
AIB noted that the reading signalled a first fall in total activity for three months, adding that the fall was the fastest since last November.
Today's report shows that new orders fell for the first time in five months, prompting a renewed fall in construction activity, while business confidence weakened.
