The volume of output in building and construction in Ireland increased 5.9 percent year-on-year in the first quarter of 2019, easing from a 12.7 percent growth in the previous period. This was the smallest gain in output since the first quarter of 2016, due to a slowdown in both non-residential building activity (7.6 percent vs 12.0 percent) and civil engineering work (1.6 percent vs 28.7 percent). At the same time, residential building output dropped 0.1 percent, the third straight quarter of contraction. Construction Output in Ireland averaged -0.31 percent from 2001 until 2019, reaching an all time high of 36.10 percent in the second quarter of 2004 and a record low of -38.60 percent in the second quarter of 2009.
Construction Output in Ireland is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Ireland to stand at 4.50 in 12 months time. In the long-term, the Ireland Construction Output is projected to trend around 4.00 percent in 2020, according to our econometric models.