Given that 50 means “no change”, it is interesting to see that the Construction CPM decline is accelerating.
*Conditions in the construction sector here continued to deteriorate in May, although the rates of decline in new business and employment both slowed last month.
The Ulster Bank Construction Purchasing Manager’s index stood at 40 in May, a substantial decline from the reading of 42.5 in April. Any figure under 50 signals contraction, while a figure over 50 is an indication of growth.*