Construction Industry Grew Again in November

File photo dated 20/08/2014 of cranes at a construction site, as crane drivers on building sites are being balloted for strikes in a dispute over pay. PRESS ASSOCIATION Photo. Issue date: Tuesday October 7, 2014. Ucatt said 180 of its members employed by HTC Plant Ltd will vote in the coming weeks on whether to launch a campaign of industrial action. The union said crane drivers, including those on high-profile projects such as Crossrail, have endured several pay freezes in recent years. See PA story INDUSTRY Crane. Photo credit should read: Nick Ansell/PA Wire

File photo of cranes at a construction site, as workers at a school building project in Dublin are occupying a crane in protest over what they say is under payment of workers. Photo: Nick Ansell/PA Wire

THE construction industry grew again in November although the reading was down slightly on the previous month.

The index had a reading of 63.5 in November, down from 64.9 in October but it has still risen for 15 months in a row.

Three quarters of building firms said they expect business to improve in the coming year.

The index examines housing, commercial activity and civil engineering.

“Activity trends are being underpinned by substantial increases in new business flows, with companies attributing the latest expansion to general improvements in the construction market and stronger economic confidence,” commented Ulster Bank’s chief economist Simon Barry.

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