The Ulster Bank Construction PMI in Ireland rose to 30.9 in March 2021 from February's reading of 27.0. However, this was the third straight month of fall in the construction sector, amid the the pandemic-related restrictions. Housing work shrank at a softer rate (33.8 vs 23.8 in February) on the back of a further reduction in both commercial activity (31.3 vs 31.2) and civil engineering work (23.8 vs 19.5). New orders fell at a slower rate, employment continued to decline solidly, and buying activity dropped for the third month running. The twin factors of Brexit and COVID-19 were reportedly responsible for continued severe delays in receiving purchased items, while there were also mentions of capacity pressures at suppliers. On the price front, input cost inflation went up for the third month in a row and was the fastest since February 2018, amid rising costs for shipping and raw materials such as metals. Finally, sentiment hit its highest in 2-1/2 years. source: Markit Economics
Construction PMI in Ireland averaged 54.63 points from 2013 until 2021, 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 May of 2021.
Construction PMI in Ireland is expected to be 51.00 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 53.40 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 52.50 points in 2022, according to our econometric models.