There was no sign of recovery in April as The Irish Construction PMI published by Ulster Bank posted another fall, declining to 45.4 in April, from 46.7 in March. This is the sharpest rate of decline in the sector since October 2011 and suggests archaeological activity in Ireland is continuing to fall. See true economics.
In my last blog post on archaeological licensing I noted that archaeological excavation licenses indicated that in 2011 archaeological activity in Ireland continued to contract for the fifth year. There was a reduction of 19.6% from 694 licenses in 2010 to 558 in 2011. There was also a reduction in the Central Statistics Office (CSO) Volume of Production Index in Building and Construction from 28.2 in 2010 to 23.5 in 2011 a drop of 16.7% . Continue reading