Ireland's construction output rose by 2.7 percent from a year earlier in the fourth quarter of 2020, following a downwardly revised 7.8 percent decline in the previous three-month period. The non-residential and civil engineering sectors increased by 6.5 percent and 3.2 percent, respectively, while the residential sector plunged by 18.4 percent. On a quarterly basis, construction output advanced by 13.7 percent, slowing from an upwardly revised 41.7 percent contraction in the third quarter. In 2020, construction output shrank 6.5 percent, the biggest decline since the 2011 financial crisis. source: Central Statistics Office Ireland
Construction Output in Ireland averaged -0.82 percent from 2001 until 2020, reaching an all time high of 36.20 percent in the second quarter of 2004 and a record low of -38.60 percent in the second quarter of 2009. This page provides - Ireland Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.
Construction Output in Ireland is expected to be -6.00 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 5.20 in 12 months time. In the long-term, the Ireland Construction Output is projected to trend around 5.20 percent in 2022 and 3.20 percent in 2023, according to our econometric models.