In a recent report from BNP Paribas Real Estate Ireland, construction activity witnessed a decline in November, marking the fifth consecutive monthly drop according to its Construction Total Activity Index.
The organization highlights that respondents attribute this downturn to a combination of factors, including a general economic slowdown, project completions, and delays in decision-making by clients.
The report reveals a contraction in all three categories it measures, with housing experiencing the most substantial decline since April. As the construction sector navigates these challenges, industry stakeholders are closely monitoring the landscape for potential shifts and opportunities in the coming months.
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