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THE IRISH CONSTRUCTION sector has seen another boost, with August marking one year of continuous growth for the sector.
That’s according to the Ulster Bank Construction Purchasing Managers’ Index (PMI), which tracks changes in total construction activity.
It registered at 61.4 in August, which was down slightly from the reading of 62.6 in July, but is said to still signal “a strong increase in activity at construction firms in Ireland”.
Expansion
The sector also saw another sharp expansion in August, meaning that activity in the Irish construction sector has increased in each month throughout the past year.
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.
Growth of new work was reportedly the key factor leading activity to rise.
Simon Barry, Chief Economist Republic of Ireland at Ulster Bank, said:
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.
He said that the solid trends in new business are “translating into higher staffing levels, with the employment index recording its twelfth consecutive month of expansion”.
Indeed, the headline PMI index itself has also now been in expansion territory for the past twelve months as the sector continues to pull away from the deep trough reached following the 2007-13 downturn.
Looking forward
According to Barry, construction firms are confident that the sector’s recovery will remain on track in the coming year.
“Sentiment rose for the third month in a row in August, taking it to a near-record high, as respondents anticipate that further improvements in both the construction sector itself and the broader economy will result in further activity gains in the coming twelve months.”
Construction firms recorded sharp increases in activity on both housing and commercial projects during the month.
But in contrast, civil engineering activity continued to fall at a modest pace.
There was an increase in new work during August, with new business having risen in each of the past 14 months.
Companies have been taking on extra staff, with employment increasing in each month throughout the past year.
The availability of sub-contractors in the Irish construction sector declined to the greatest extent since September 2000 as sub-contractor usage increased solidly again during August.
Companies have also begun to increase their purchasing activity again.
This meant that supplier capacity came under pressure, while on the cost front, a number of respondents indicated that suppliers had used increased demand to raise their charges.
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He is being paid for doing nothing with license payers money.
@Peter McCormack: hasn’t that always been the case!?
@Peter McCormack: he owes me and every license holder in the country €2.70. The price of an ice cream and I want my ice cream….
@Peter McCormack: I’m probably in the minority here but this story has been blown out of all proportion. They interrupted new shows today for live feed from the committee hearing. Yeah it’s a scandal and heads should roll but some of the commentary is over the top.
Check out Tubridy’s 1st cousins take on it, its hilarious
https://youtu.be/8VNIP4TtNIw
@Peter McCormack:
Look at the toy show ratings .. all that money for RTE
@Peter McCormack:, same can be said for Dail Eireann performers.
People should now not renew there television licence .
@Kevin: I’ll do it, are you all behind me?
@Jonny Spuds: Check out Tubridy’s 1st cousins take on it, its hilarious
https://youtu.be/8VNIP4TtNIw
@Kevin: Isn’t the TV Licence on the way out and being replaced by something else like a communication fee that every household will have to pay. If you have a tv/ipad/laptop/computer/iPhone etc etc. Once you have access to the Internet or streaming sites on any device that’s that. Bit like property tax and will probable fall on our friendly Revenue to collect.
Seems like contractors in RTÉ get all the benefits of permanency and none of the drawbacks
@Mick Duvanny: in summary, “we the plebs…”
The brass neck of that wagon Dee Forbes.
€305k annually between salary, car allowance and pension contributions yet she hasn’t the respect to face the music and answer questions at the PAC, who are acting on behalf of the taxpayer and licence fee payer.
Shame on her.
Think I’m going to quit my job tomorrow and expect to be paid after
@Michael: He didn’t quit, RTE have told him he can’t do his radio show until further notice, not his fault or issue.
@WiseUp: he is a self-employed contractor. He isn’t doing any work at the moment, why should he continue getting paid?
@Monika B K: It looks like a case of bogus self employment for purely tax purposes
@Michael: Check out Tubridy’s 1st cousins take on it, its hilarious
https://youtu.be/8VNIP4TtNIw
@Monika B K: Would come down to the terms of the contract ultimately.
@Monika B K: Contract
A true story, a few years ago I worked for a well known Thai food chain and had to deliver a meal out to Turbridy. He was staying in Milltown so probably Aoibhinn’s gaff at the time. The bill came to €9.80 and he gave me a tenner, then told me to keep the change. I was fuming, thinking, this miserable c… is on €10K a week and tips me with 20c. I posted the change in his letterbox and drove off.
@Abdul Abhaile: Excellent
And the generous license fee payer just keeps on giving.
It seems the board of RTE love their job title but don’t have a clue how run a business, contracts, invoices, cash payments. The 3 monkey’s come to mind, hear no evil, see no evil speak no evil, just bury it and hopefully the auditors won’t notice.
RTE……Ryan Tubridy’s Euros.
@Abdul Abhaile:
Pat Kenny lost his show because he helped SF IRA attack sean gallagher
now tubs is in trouble . LOL
Great country
Funny …is that in his lapsed contract?
Whole organisation should be disbanded
Now is the time to ask why people like Duffy, O’Callaghan, Byrne etc are being paid huge disproportionate wages by RTÉ .€70K would be more than enough , some might argue too much. Their earnings for part time work all exceed €250K . That is in addition to their other earnings from appearances etc which I’m sure is not pittance.
Blah, blah, blah, He should not be receiving any wages from them, that is feckin ridiculous, would you or I receive a wage from our boss when we no longer have a contract with them while waiting for new employment.. I don’t think so
His brother is my neurologist and I can categorically say my neuro does not get paid that salary.
It gets better and better .Definetly a movie in thrre now.Could be blockbuster.
He could get up to 1m goodbye money, Dee as well!
@Toby:
Eamon Dunphy was hilarious last night on tv3 he looked so bitter
Drop his new contract offer to 20k a year.
WHAT????? That man should be dismissed immediately!
@Richard Starling: what exactly did he do wrong? As an employer, what grounds would you have to sack him?
Bet he gets paid for the remainder of his full contract and it will be kept under wraps!
You couldn’t make this stuff up!
Koukliahills is that you Ryan or his agent. As for everybody loving Ryan last month really. As for talented broadcasting is talking via a microphone. Most people can broadcast. His contract has ended so he should not be paid since the contract ended. It is simple.
@rory Mcgovern: no its not Ryan, its someone whos watching a nation behave like a pack of sheep of which you are one! Nobody seems to have had an issue with him for the last 14 years and if they did, they certainly didnt call for his cancellation. Ireland is full of mob types who only feel safe when baying in large groups.
Hes not the problem, RTE is!
And furthermore why dont you pop down to RTE and see if you can replace him, seeing as you’re such a talented individual or at the very least go and stand outside RTE with a banner repeating what your saying here instead of being “A Hurler from the ditch”
Tip of iceberg me thinks,jayzus you’d be morto ” did you see dem documents “
You just could not write this stuff. Unbelievable
@Joanne Stokes:
SF/IRA asking any one else to own up .. that is hilarious .
Look everyone is upset he shouldn’t be paid his ridiculous fees but that was his contract …..but a salary cap needs to be introduced now – if people are unhappy leave or run ur contract down then leave there will be people to step in
RTE is a cosy cartel where the in-crowd cut sweetheart deals for themselves at the expense of the license-paying public. If RT wasn’t part of that set he’d be stacking shelves in Tesco.
@Tony Murphy:
Cartel : an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
How bad can this go? But they won’t crawl their way out of this one, As for Tubs, just get rid, too much money, bleeding RTE.
@Áine G:
it was in Lillie’s where i often saw you Ryan
you never saw me with cocaine though
i never **SAW** you with cocaine because you’re very clever Ryan
you were sayin Eamon ..
Are you changing the subject Ryan ?
Fair dues to him, ye’d all do it.
MOB rule. Begrudgery at full pelt. Blame the paymaster and their incompetence. Incredible to watch this unfold. #shame. This is a decent human whom we all loved last month. Everyone needs to relax and point thier hate somewhere else. Its not illigal to be talented , or is this now another thing? At what point will the MOB stop?
@Koukliahills: you call what he does as talent.. please.. If it wasn’t for the script writers he would be clueless as he is useless
@Maire Morrison: an exact example of MOB rule. Sure we will give you his schedule and see how you go ??
@Koukliahills: people voicing their annoyance and disgust at our national broadcaster over the shady goings on is not something I would class as mob rule, however if Mr Tubridy was the victim of an assault that got out of control with people screaming and shouting at him(something I do not or would not condone) over this scandal then that would be to me “mob rule”.
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