01 / State of play

The total activity index recorded modest growth of two points to 57 in December, cementing its recovery from the weak mid-year results. The R&M activity index jumped 20 points to 57 after a strong contraction to 37 in November.

At the sector level, the residential and civils indices both climbed to the same level of 61. The former gained eight points, the latter five. In contrast, the non-residential activity index experienced a rather large drop of 10 points to 47.

Overall orders and tender enquiries remained in positive territory: the orders index stood at 64, following a six-point increase. The tenders index was up by just one point, settling at 54.

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