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Ireland Construction Growth At 3-month Low, Yet Robust

Ireland's construction sector growth eased for third month in a row in January, but the pace of expansion remained strong with new orders rising at a faster rate, survey data from IHS Markit showed on Monday.

The Ulster Bank Construction Purchasing Managers' Index fell to 54.6 from 56.3 in December. A reading above 50 suggests growth in activity.

The Irish construction sector has expanded on a monthly basis since September 2013.

Among the sub-categories of construction, housing recorded the fastest rise in activity at the start of 2019, followed by commercial activity that also increased solidly over the month.

Meanwhile, civil engineering activity declined again, albeit at a reduced pace.

New order growth improved, while employment gain was the weakest in four months.

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