Strive Logo
UPLOAD CV
Home > Strive Industry Newsletter > Construction firms take on more staff as downturn slows

Construction firms take on more staff as downturn slows

Construction companies registered strong employment growth during February even as the sector continued to contract, albeit at a slower rate, according to a report by BNP Paribas Real Estate Ireland.

The construction purchasing managers’ index (PMI) report showed the sector enjoyed a broad stabilisation in activity levels and fresh growth in new orders. Firms registered the first uptick in input buying since May last year.

There was some less positive news on the pricing front, however, as input costs and subcontractor rates increased at faster paces than in January.

Overall, the construction sector PMI came in at 49.8 in the month, just below the 50 mark that separates growth and contraction. The figure was up from 47.7 in January, but the reading was indicative of a fifth successive reduction in total activity.

 

https://www.irishtimes.com/business/economy/2023/03/13/construction-firms-take-on-more-staff-as-downturn-slows/

GO BACK

Related news

Mortgage drawdowns climb 1.4% in third quarter

Mortgage drawdowns continued to grow in the third quarter, but at the slower year-on-year rate of 1.4 per cent, according to the latest update from Banking & Payments Federation Ireland (BPFI). More than 7,000 first-time buyer mortgages were drawn down in the three months to the end of September, it said, with

Developers need more funding options to meet housing demand

  The real estate lending market has been fluid for some years now, impacted by interest rate increases, post-pandemic behaviour changes, and an increase in non-bank lenders entering the market. Whilst last year’s EY Real Estate Borrower Outlook survey, which examines the mindset of borrowers in the lending market by

Banks finally move to release pre-crash shareholders from their financial shackles

Sixteen years after Ireland’s banks required bailouts that plunged the State into a financial crisis, lenders are finally getting around to dealing with one of the final loose ends from that era – the tens of thousands of shareholders who are left with holdings in the banks that are now

Site with planning permission for 113 apartments in Dublin 12

An interesting development opportunity at Herberton Road, Dublin 12, is coming to the market with full planning permission for the construction of 113 apartments, as well as commercial space. Savills expects strong interest in Canal House, a well positioned 0.77 hectare (1.89-acre) site, in a strategic and well-connected location, with

Lone Star’s Start Mortgages completes transfer of €2bn of loans to Mars Capital

Start Mortgages, the loan-servicing company owned by US private-equity giant Lone Star, has completed the transfer of €2 billion of mortgages that had been on its books to rival Mars Capital Ireland, after deciding late last year to quit the market. The deal, which first emerged last November, has seen

Gareth Graham of BCF: Banks won’t lend to SMEs and ‘that has provided an opportunity across the island of Ireland for us’

Gareth Graham’s experience of the fallout from the last financial crisis sowed the seeds for the former property player’s new venture, Belfast Commercial Funding (BCF), which has stepped into a gap left by banks’ caution at lending to small businesses. In 2012, the Dublin-based National Asset Management Agency (Nama) took control of

Revolut seeks valuation of more than €37 billion in employee share sale

UK fintech Revolut is targeting a valuation exceeding $40 billion (€37 billion) in a share sale that would cement its status as Europe’s most valuable start-up, according to three people with knowledge of the plans. The SoftBank-backed company is working with Morgan Stanley to sell about $500 million worth of existing shares,

Payments giant Stripe eyeing 100,000sq ft Wilton Place developed by IPUT

Irish-founded fintech Stripe is understood to be weighing up the possibility of locating its new Dublin headquarter office at Wilton Park, the 53,885sq m (580,000sq ft) office campus being developed by Irish property company, Iput, at Wilton Place in Dublin 2. Since the payments platform resumed its search for new

Construction sector activity returns to rate of growth

Construction activity expanded in March for the first time in nine months, the latest index for the sector from BNP Paribas Real Estate Ireland indicates. The index reading of 51.6 was the first to exceed the 50 no-change mark since June 2023, with the expansion following eight consecutive months of

Upload your CV
Never miss a job opportunity

Apply now for the job

Apply for this job

Upload your file

Job overview

Job title
Construction firms take on more staff as downturn slows
Salary

Location
Job type
Date posted
105 weeks ago