Construction PMI in Ireland decreased to 48.40 points in April from 49.50 points in March of 2023. source: Markit Economics

Construction PMI in Ireland averaged 54.22 points from 2013 until 2023, 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 BNP Paribas Real Estate Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Construction PMI in Ireland is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland BNP Paribas Real Estate Construction PMI is projected to trend around 50.00 points in 2024 and 50.40 points in 2025, according to our econometric models.

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Ireland  BNP Paribas Real Estate Construction PMI

Related Last Previous Unit Reference
Construction PMI 48.40 49.50 points Apr 2023

Ireland BNP Paribas Real Estate 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.
Actual Previous Highest Lowest Dates Unit Frequency
48.40 49.50 68.80 4.50 2013 - 2023 points Monthly

News Stream
Irish Construction PMI Slips Contracts Further
The BNP Paribas Real Estate Construction PMI in Ireland fell to 48.4 in April 2023 from 49.5 in March, pointing to the most pronounced reduction in Irish construction activity in three months and posting below the crucial 50 mark for the seventh consecutive month. The sector’s weakness came amid a sharper contraction in activity and slower rises in new orders, employment and input buying. The report also highlighted a sustained decline in housing activity that was stronger than seen in the previous survey period, while commercial activity increased for a third month in a row, albeit only mildly. Little respite was offered in terms of any easing in inflationary and supply pressures. In fact, the extent to which supplier performance worsened and input prices increased were greater than seen in March. Still, firms were optimistic in their outlook for the future amid hopes for a pick-up in developmental activity
Irish Construction PMI Stays Contractionary
The BNP Paribas Real Estate Construction PMI in Ireland fell slightly to 49.5 in March 2023 from 49.8 in February, remaining contractionary for the sixth straight month as some firms cited subdued market conditions, while others mentioned relative improvement in demand. The report also noted that growth in new orders, employment, and input buying were all sustained, and there were some tentative signs of cooling in terms of inflationary pressures. The activity was down in two of the three broad categories covered by the survey. The sharpest decline was seen in civil engineering. The downturn in housing was similarly solid and the sixth in as many months. Meanwhile, commercial continued to buck the wider trend and saw activity expand for the second consecutive period.
Irish Construction PMI Rises to Near Stabilization
The BNP Paribas Real Estate Construction PMI increased to 49.8 in February 2023 from 47.7 in the previous month. This was the fifth consecutive period of contraction in construction activity but the smallest decline in the sequence, amid a renewed expansion in new orders, due to better demand conditions. Commercial activity rose modestly and for the first time since last September, while housing activity declined the least in four months, and a fall in the civil engineering activity eased to a 11-month low. Employment climbed for the second straight month and the most since last May. Input buying grew for the first time in nine months, with the supply chain lengthening the least since January 2020. On the pricing front, input cost inflation accelerated, while output cost inflation rose to a three-month high. Finally, business sentiment strengthened to a year-high amid reports of improving project pipelines and increased client engagement.