The Ulster Bank Construction PMI in Ireland rose to 47.0 in September 2020 from 44.0 a month earlier. Activity on commercial projects neared stabilization (49.2 vs 41.6 in August) in the wake of the COVID-19 crisis, while civil engineering fell at the slowest rate since January (44.2 vs 42.3). Meantime, housing activity shrank faster (44.1 vs 44.7). New orders moderated, while the lengthening of delivery times was unprecedented prior to the pandemic's outbreak. Supply shortages were also a factor behind a sharp increase in input costs. The rate of inflation accelerated to the fastest since April 2019 and was steeper than the series average. This was despite a modest reduction in demand for inputs as buying activity was scaled back for the second month running. Finally, sentiment fell to a four-month low, amid renewed concerns toward Brexit.
Construction Pmi in Ireland averaged 55.71 points from 2013 until 2020, reaching an all time high of 68.80 points in February of 2016 and a record low of 4.50 points in April of 2020. This page provides - Ireland Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Ulster Bank Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020. source: Markit Economics
Construction Pmi in Ireland is expected to be 50.20 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Pmi in Ireland to stand at 52.40 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 53.40 points in 2021 and 52.50 points in 2022, according to our econometric models.