Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
11/10/2010

Construction Trade Continues To Shrink

Job losses have accelerated within the NI building trade for the fifth month in a row.

Overall, the local economy continued to suffer, but this was particularly true in the construction sector with the latest report on the economy from the Ulster Bank revealing that the downturn in the Northern Ireland private sector continued in September.

It said the NI economy is still in decline but there were some signs of recovery across the rest of the UK.

-- Advertisement --

It highlighted that construction firms are shedding jobs at the fastest rate since March last year.

Ulster Bank Chief Economist Richard Ramsey said that is likely to continue following next week's Comprehensive Spending Review, which is expected to reveal big cuts in areas such as roads, schools, and hospitals.

"The construction sector has already been badly hit by the downturn in the housing business," Mr Ramsey said.

"While spending on infrastructure had held up well until the beginning of this year, it has been declining since then, and next week we are likely to hear about major cutbacks in public sector investment.

"The Spending Review is likely to have a more negative impact on Northern Ireland than elsewhere," Mr Ramsey said.

(BMc)

Latest Construction News

03/12/2024

A £12 million investment will be made by one of the UK & Ireland's leading construction manufacturers, Tobermore, to expand its operations. Kick-starting the expansion, the L'Derry-based company will invest £4 million in new jobs, including the creation of a dedicated technical design team to ...
03/12/2024

Dankse Bank have supported an investment totalling over £3.1million to expand the Ballymena headquarters of Northern Ireland's leading precast concrete manufacturer and supplier, Moore Concrete Products Ltd. The expansion will include building three new factories totalling 4,750square metres for ...
03/12/2024

The second phase of construction works at Kiltipper Park in South Dublin were officially marked recently by a sod-turning event. The works about to commence will include the construction of an extended car park; footpath and northern pedestrian entrance improvements; sports pitch construction and ...
03/12/2024

Ballyclare-based housebuilder Hagan Homes has appointed a new Managing Director. Jim Burke, who boasts over 35 years of dedicated service within the Northern Ireland company resulting in a wealth of experience and knowledge of the industry, will take up the role as Hagan Homes embarks on a ...
03/12/2024

Northern Ireland construction firm GRAHAM has received National GOLD honours for the Belfast-based Nelson Place Student Accommodation in the Climate Change Benefits category at this year's Green Apple Awards. The state-of-the-art facility boasts the first two blue roofs to be installed in Northern ...
03/12/2024

Works to replace over 8.7km of ageing water mains with new, modern pipes in Sligo have successfully been completed, Uisce Éireann has announced. As a result, customers to the south of Sligo town are benefitting from a more secure and reliable water supply. The recent works included three sections ...
03/12/2024

A transformative project at the Melvin Recreational and Resource Complex in Garrison, County Fermanagh, has successfully been completed. The project, which was delivered under the Covid Recovery Small Settlement Regeneration Programme, saw the Complex's bedrooms and dormitory rooms enhanced into ...
03/12/2024

A public consultation is now open regarding the newly launched Draft Dromore Place Plan by Armagh City, Banbridge and Craigavon Borough Council. The plan outlines key projects to rejuvenate the area and enhance its social, economic and environmental well-being, with input included from 614 local ...
03/12/2024

Road construction and utility works are currently ongoing in Ballina, Co. Tipperary. The works, which began yesterday, resulted in the urgent closure of the R-496-13 road from the junction at Roolagh at R-494-0 for a 100m section. This closure will remain in place until 11.59pm on Saturday, ...
03/12/2024

Ground investigation works are set to commence from next week in Wicklow. The works, which will take place on the N81 at Hollywood Junction (approximately 0.25km either side of the junction), will begin from Monday, December 9, until Thursday, December 12. Temporary traffic management will be in ...
Farrimond MacManusGround Protection IrelandSafety Tech FireNo HydroLiftmanSIG Ireland GroupMMA Joinery Specialists LtdRegan Tile DesignEcocelPlanning Handbook
Terms and Conditions
2024/12/04 07:50:17