The Ulster Bank Construction PMI in Ireland was at 19.9 in May 2020, up from a record low of 4.5 in April, amid the easing of coronavirus-led restrictions. Activity across three broad categories shrank at softer paces: housing (21.4 vs 4.9 in April), commercial (25.6 vs 3.1), and civil engineering (14.9 vs 5.2). Meanwhile, new orders fell for the third month running, with the rate of contraction easing from April. Also, both employment and buying activity dropped for the third month in a row. The rate of job cuts was slightly softer than those seen at the global financial crisis, but input buying was down at a pace unseen prior to the outbreak. Suppliers' delivery times continued to lengthen, due to vendors either being closed or operating at reduced capacity. Prices data showed input prices rose slightly following a first reduction in more than 6-1/2 years in April, but the rate of inflation was well below the series average. Finally, sentiment remained downbeat.

Construction Pmi in Ireland averaged 56.02 points from 2013 until 2020, 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 July of 2020. source: Markit Economics

Construction Pmi in Ireland is expected to be 43.00 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 52.90 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 53.40 points in 2021 and 52.50 points in 2022, according to our econometric models.

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Ireland Ulster Bank Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
19.90 4.50 68.80 4.50 2013 - 2020 points Monthly
SA


News Stream
Irish Construction Shrinks at Softer Pace
The Ulster Bank Construction PMI in Ireland was at 19.9 in May 2020, up from a record low of 4.5 in April, amid the easing of coronavirus-led restrictions. Activity across three broad categories shrank at softer paces: housing (21.4 vs 4.9 in April), commercial (25.6 vs 3.1), and civil engineering (14.9 vs 5.2). Meanwhile, new orders fell for the third month running, with the rate of contraction easing from April. Also, both employment and buying activity dropped for the third month in a row. The rate of job cuts was slightly softer than those seen at the global financial crisis, but input buying was down at a pace unseen prior to the outbreak. Suppliers' delivery times continued to lengthen, due to vendors either being closed or operating at reduced capacity. Prices data showed input prices rose slightly following a first reduction in more than 6-1/2 years in April, but the rate of inflation was well below the series average. Finally, sentiment remained downbeat.
2020-06-08
Irish Construction PMI Tumbles to Record Low
The Ulster Bank Construction PMI in Ireland plunged to 4.5 in April 2020, down from 28.9 in the previous month and by far the lowest since the survey began in June 2000, due to the COVID-19 pandemic and lockdown introduced to prevent its spread. There was a sharp contraction in all categories: housing activity (4.9 vs 32.4 in March); commercial activity (3.1 vs 28.2); and and civil engineering works (5.2 vs 25.2). Overall new orders and employment fell the most since the survey began 20 years ago. Meanwhile, suppliers' delivery times lengthened at a record pace. On the price front, input cost fell for the first time since August 2013, and at the fastest pace in over a decade. Finally, construction firms remained pessimistic regarding the 12-month outlook for output amid expectations that the impact on the economy of COVID-19 would be prolonged.
2020-05-11
Irish Construction Activity Falls the Most in 11 Years
The Ulster Bank Construction PMI plunged to 28.9 in March 2020 from 50.6 in the previous month, pointing to the sharpest contraction in the sector in 11 years due to coronavirus outbreak and associated containment measures. Civil engineering activity saw the steepest rate of decline, followed by commercial building work and residential activity. Overall new orders fell the most since April 2009 due to the cancellation of projects and company shutdowns, and employment dropped at the fastest pace in over nine years, ending a 6-1/2 year sequence of job creation. At the same time, suppliers' delivery times lengthened the most since the survey began almost 20 years ago. On the price front, input cost inflation eased to a six-month low, amid shortages of materials. Looking ahead, business sentiment hit its lowest since January 2009.
2020-04-06
Irish Construction Sector Growth Slows in February
The Ulster Bank Construction PMI dropped to 50.6 in February 2020 from 50.9 in January. The latest reading pointed to the 3rd straight expansion in the construction sector but the weakest in the current sequence, as commercial activity increased at a softer pace (52.1 vs 55.7 in January) while both housing activity (49.7 vs 48.0) and civil engineering (42.7 vs 44.4) declined less. New orders increased for the 3rd month but at a softer pace. Meantime, employment grew the least since last October, though the growth was sustained in each month throughout the past 6-1/2 years. Average lead times lengthened markedly, and to the greatest extent for seven months, generally reflected stormy weather but there were some incidences of delays caused by the outbreak of coronavirus in China. On the price front, input cost inflation accelerated to a three-month high, amid higher prices for raw materials. Lastly, sentiment eased from January's one-year high.
2020-03-09

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.