The Ulster Bank Construction PMI fell to 51.4 in July 2019 from 53.1 in the previous month, pointing to the weakest pace of expansion in the construction sector since August 2013. Housing activity growth slowed to a six-month low (55.9 vs 58.4 in June), while civil engineering works declined at the fastest rate since November last year (40.5 vs 42.3). Meantime, commercial activity increased solidly, with growth quickening to the strongest in four months (54.7 vs 52.8). Overall new order growth eased to the slowest since February 2015, employment rose the least since March 2015 and purchasing activity expansion was the weakest in the current 65-month sequence of growth. On the price front, input price inflation rose to the highest since April, due to greater raw material prices, notably for steel and insulation. Finally, business sentiment dipped to 74-month low amid ongoing concerns over Brexit. Construction Pmi in Ireland is reported by Markit Economics.

Construction Pmi in Ireland is expected to be 54.50 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 53.00 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 52.90 in 2020, according to our econometric models.

Ireland Ulster Bank Construction PMI
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Ireland Housing Last Previous Highest Lowest Unit
Housing Index 107.40 107.00 131.00 58.70 Index Points [+]
New Home Sales 608.00 674.00 879.00 159.00 Units [+]
Building Permits 1823.00 1678.00 7563.00 751.00 [+]
Construction Output 5.90 12.70 36.10 -38.60 percent [+]
Construction Pmi 51.40 53.10 68.80 43.40 [+]
Existing Home Sales 2783.00 2924.00 3671.00 610.00 Units [+]
Home Ownership Rate 69.50 69.80 81.80 68.60 percent [+]


Ireland Ulster Bank Construction PMI

The Ulster Bank Construction Purchasing Managers’ Index® is a seasonally adjusted index designed to track changes in total construction activity in Ireland. Data are collected at mid-month, asking respondents to compare a variety of business conditions with the situation one month ago. A reading of below 50.0 indicates that the economy is generally declining, above 50.0 that it is generally expanding and exactly 50.0 indicates no change on the level recorded the previous month. This page provides - Ireland Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Ulster Bank Construction PMI - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
51.40 53.10 68.80 43.40 2013 - 2019 Monthly
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Country Last Previous
Australia 39.10 Jul/19
Euro Area 50.60 Jul/19
France 52.40 Jul/19
Germany 49.50 Jul/19
Italy 49.80 Jul/19
United Kingdom 45.30 Jul/19


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