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

29/11/2024

Plans for a new housing development in Carney, Co. Sligo, have significantly progressed after a contract for construction was signed by County Council members. The development, which was designed by Hamilton Young Architects and will be constructed by Kilcawley Construction, consists of 25 homes ...
29/11/2024

South Dublin-based Killinarden Park has officially opened following improvement works. Nicholas de Jong Associates carried out the planning and design work on the project with Clonmel Enterprises Ltd civil contractors realising the vision on the ground. Enhancements to the park include provision ...
29/11/2024

Water supply has been restored to the vast majority of impacted areas in Galway City following repairs, Uisce Éireann has announced. Detection crews from the company isolated the source of a significant burst which occurred in the Docks area of the city yesterday, with works being carried out this ...
29/11/2024

A refurbished running track and new padel courts were officially opened in Greystones, Co. Wicklow, this week. An Taoiseach Simon Harris officially opened the track and padel courts, based at Shoreline Leisure, while also present were the Cathaoirleach of Wicklow County Council, Cllr Paul O Brien, ...
29/11/2024

The Construction Employers Federation (CEF) and Northern Ireland Federation of Housing Associations (NIFHA) have raised major concerns regarding the approved proposal to increase the Standard Connection Charge for a newbuild house by 123% in 2025. The proposal, put forward by NIE Networks to the ...
29/11/2024

Green infrastructure improvements have been successfully completed at Claudy Country Park in L'Derry. Upgrades to the play area at the location as well as safety and access works in the wider park were carried out as part of the green infrastructure enhancement project, which was made possible by ...
28/11/2024

Plans to build 674 new homes in the Clooney Road area of L'Derry have been given the green light. South Bank Square submitted the application, which entails a residential development comprising 33 detached and 473 semi-detached dwellings as well as 168 apartments, to Derry City and Strabane ...
28/11/2024

A new wastewater treatment facility in Ballyronan, Co, L'Derry, has been successfully completed following an investment of £5m from NI Water. GEDA Construction was the main contractor for the 18-month contract, while Water Solutions Ireland completed extensive mechanical and electrical ...
28/11/2024

The Clontarf to City Centre (C2CC) Active Travel Project has officially been opened by Dublin City Council. The project connects the Royal Canal Greenway to the East Coast Trail and part of the Tolka Valley Greenway, providing a safe, pleasant and continuous segregated walking and cycling route ...
28/11/2024

Approximately €1.5 million in payments have been processed under the Vacant Property Refurbishment Grant scheme in Offaly. The grant, which aims at turning vacant or derelict houses and buildings into permanent homes or rental properties, has thus far saw 129, out of 196, applications approved in ...
Green City Paving & LandscapingSkill Ireland TrainingGerard Healy Plant HireHome Improvements IrelandDean Murray Painter & Decorators LtdLoughtec Cyber SecurityLCEGalvin Ceilings & PartitionsContainexFarrimond MacManus
Terms and Conditions
2024/11/29 23:14:31