Contraction in construction sector mostly in commercial property – PMI
According to the BNP Paribas Real Estate Ireland Construction Purchasing Managers Index (PMI), recent price pressures have resulted in the construction sector contracting in June 2022. This marks the first time it has decreased in size since April 2021. Director and Head of Research at BNP Paribas Real Estate Ireland, John McCartney, comments that, “June has been a watershed month for construction activity. The post-Covid rebound has been fading since…