The volume of output in building and construction in Ireland increased by 10.1 percent year-on-year in the fourth quarter of 2018, below an upwardly revised 17.7 percent growth in the previous three-month period. Both non-residential building activity (7.4 percent from 20.4 percent) and civil engineering work (28.3 percent from 33.6 percent) rose at a softer pace. Meanwhile, volume output rebounded in residential building activity (2.4 percent from -4.8 percent). Construction Output in Ireland averaged -0.44 percent from 2001 until 2018, 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 7.50 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.