(MENAFN) According to the latest Ulster Bank PMI, Ireland's rate of growth in new orders in the construction industry accelerated sharply in July at the strongest pace since November 2004, Xinhua reported.
July's results marked the 11th consecutive month of expansion among Irish construction firms, an important indication that a sustained recovery is taking hold.
"The rate of growth of new orders picked up markedly to the strongest since November 2004, thus providing a solid basis for expecting that overall activity levels should continue to expand," Ulster Bank economist said.
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