The Ulster Bank Construction PMI rose to 56.3 in December 2018 from 55.5 in the previous month. It was the highest growth since August, as commercial construction expanded at the fastest pace in five months (58.5 vs 57.5 in November). Housing activity continued to grow strongly and at a pace similar that recorded on average during the 2004-2006 pre-crisis period (56 vs 58.2). In addition, civil engineering activity contracted for the fourth month in a row but at a softer rate (45.5 vs 40.1). Meanwhile, new business continued to increase, marking the 66th consecutive month of growth. At the same time, employment went up at a faster, marking the 64th straight month of growth. In terms of prices, input price inflation quickened and was much faster than the survey average amid reports of rising material costs, namely for steel and insulation. Looking forward, sentiment picked up in December due to expectations of stronger economic growth and increased capital investments. Construction Pmi in Ireland is reported by Markit Economics.

Construction Pmi in Ireland is expected to be 51.20 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 54.20 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 52.90 in 2020, according to our econometric models.

Ireland Ulster Bank Construction PMI
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Ireland Housing Last Previous Highest Lowest Unit
Housing Index 107.90 107.60 131.00 58.70 Index Points [+]
New Home Sales 758.00 678.00 879.00 159.00 dwellings [+]
Building Permits 1813.00 1639.00 7563.00 751.00 [+]
Construction Output 12.00 17.60 36.10 -38.30 percent [+]
Construction Pmi 56.30 55.50 68.80 43.40 [+]
Existing Home Sales 3376.00 3143.00 3671.00 610.00 dwellings [+]
Home Ownership Rate 69.80 70.00 81.80 68.60 percent [+]

Ireland Ulster Bank 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. This page provides - Ireland Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Ulster Bank Construction PMI - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.30 55.50 68.80 43.40 2013 - 2018 Monthly

Country Last Previous
Australia 42.60 Dec/18
Euro Area 53.10 Dec/18
France 53.00 Dec/18
Germany 53.30 Dec/18
Italy 52.80 Dec/18
United Kingdom 52.80 Dec/18