13.10.2008 - Irish construction slumps as office, home building decline
From Bloomberg: Irish construction activity shrank for a 16th month in September, led by a slump in home and office building. An index tracking construction was at 32.2 in September compared with 33 in August, Ulster Bank Ltd. said in a monthly report published in Dublin today. A reading below 50 indicates contraction. Ireland's decade-long housing boom ended after borrowing costs rose, prompting construction companies to scale back projects and cut jobs..... Full Article: Source