The BNP Paribas Real Estate Construction PMI dipped to 47.4 in October 2022 from 50.2 in the prior month. This was the lowest reading since July, amid a renewed fall in commercial activity and the eighth straight month of fall in civil engineering. Meantime, housing output was down marginally after a slight rise in September. New orders stayed subdued, due to caution among clients, price pressures, and supply issues. Also, firms scaled back their input buying for the fifth month running, and to a greater extent than in September. At the same time, cost inflation remained elevated despite easing, while delivery delays were the least pronounced since the outbreak of the pandemic. On a positive note, employment grew for the third month and business confidence picked up to an 8-month high, on expectations that demand will recover over the coming year. source: Markit Economics

Construction PMI in Ireland averaged 54.57 points from 2013 until 2022, 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 November of 2022.

Construction PMI in Ireland is expected to be 55.00 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 54.00 points in 2023, according to our econometric models.

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Ireland  BNP Paribas Real Estate Construction PMI



Related Last Previous Unit Reference
Construction PMI 47.40 50.20 points Oct 2022

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
47.40 50.20 68.80 4.50 2013 - 2022 points Monthly
SA

News Stream
Irish Construction PMI Falls to 3-Month Low
The BNP Paribas Real Estate Construction PMI dipped to 47.4 in October 2022 from 50.2 in the prior month. This was the lowest reading since July, amid a renewed fall in commercial activity and the eighth straight month of fall in civil engineering. Meantime, housing output was down marginally after a slight rise in September. New orders stayed subdued, due to caution among clients, price pressures, and supply issues. Also, firms scaled back their input buying for the fifth month running, and to a greater extent than in September. At the same time, cost inflation remained elevated despite easing, while delivery delays were the least pronounced since the outbreak of the pandemic. On a positive note, employment grew for the third month and business confidence picked up to an 8-month high, on expectations that demand will recover over the coming year.
2022-11-14
Irish Construction Output Expands for 1st Time in 4 Months
The BNP Paribas Real Estate Construction PMI climbed to 50.2 in September 2022 from 46.9 a month earlier, rising for the first time since May. Both commercial and housing activity grew, ending their three-month periods of contraction; while civil engineering output continued to fall. New orders showed signs of stabilizing, with employment increasing in 17 of the past 18 months. At the same time, buying levels shrank the least in four months, despite shortages of couriers and higher fuel costs. That said, the latest deterioration in vendor performance was the least pronounced since February 2020. On prices, cost pressures were sustained, as input price inflation accelerated to a three-month peak due to higher energy, raw material, and transportation costs. Looking ahead, positive sentiment was recorded for the first time in four months, but confidence remained muted, on concerns about the potential for a wider economic downturn.
2022-10-10
Irish Construction Activity Falls at Slower Pace
The BNP Paribas Real Estate Construction PMI was up to 46.9 in August 2022 from July's 16-month low of 41.8 as COVID curbs were lifted, with activity across housing, commercial, and civil engineering all down at softer rates. The latest print, however, was the third straight month of fall in construction output amid worries over the economic outlook and cost pressures. New orders fell sharply but the rate of drop slowed; while firms increased their staffing levels slightly. Meantime, buying levels shrank for the third month in a row, with the speed of fall the sharpest in 1-1/2 years. On prices, input cost inflation remained elevated and well above the series average, despite easing for the fourth month running to the softest since March 2021. Delivery times lengthened at the same pace as in July, and to the joint-least degree in 2-1/2 years, due to shortages of electronic chips. Finally, sentiment stayed negative, but a modest degree of pessimism was signaled for the third month.
2022-09-12