The Ulster Bank Construction PMI in Ireland plunged to 4.5 in April 2020, down from 28.9 in the previous month and by far the lowest since the survey began in June 2000, due to the COVID-19 pandemic and lockdown introduced to prevent its spread. There was a sharp contraction in all categories: housing activity (4.9 vs 32.4 in March); commercial activity (3.1 vs 28.2); and and civil engineering works (5.2 vs 25.2). Overall new orders and employment fell the most since the survey began 20 years ago. Meanwhile, suppliers' delivery times lengthened at a record pace. On the price front, input cost fell for the first time since August 2013, and at the fastest pace in over a decade. Finally, construction firms remained pessimistic regarding the 12-month outlook for output amid expectations that the impact on the economy of COVID-19 would be prolonged.
Construction Pmi in Ireland averaged 56.46 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 June of 2020. source: Markit Economics
Construction Pmi in Ireland is expected to be 43.00 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 52.90 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.