Activity in the Irish construction sector has increased every month throughout the past year, according to the Ulster Bank's Construction PMI Report.

Growth was supported by another steep rise in new orders, and companies were strongly optimistic that activity will continue to increase over the coming year.

Total activity has now risen in each of the past 12 months. Growth of new work was reportedly the key factor leading activity to rise.

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Commenting on the survey, Simon Barry, Chief Economist Republic of Ireland at Ulster Bank, said: "The August results of the Ulster Bank Construction PMI survey highlight that trends in the Irish construction sector continue to show strong improvement. The headline PMI reading of 61.4 indicates that activity again rose at a rapid rate last month, albeit at a slightly slower pace than in July. The solid improvement continues to be underpinned by particular strength in both the housing and commercial arenas where activity trends are benefiting from substantial increases in new orders."

(CD/IT)