The Ulster Bank Construction PMI in Ireland rose to 56.9 in October 2021 from a five-month low of 56.3 a month earlier, pointing to the sixth straight month of growth. Work on commercial projects expanded sharply and at a steeper rate as COVID-19 curbs eased further (60.4 vs 56.7 in September), while civil engineering activity fell at a softer pace (48.3 vs 43.3). Meantime, the rate of growth in housing activity continued to soften from May's record (54.5 vs 59.8). New orders remained sharp, rising in each of the past seven months; buying levels stayed strong despite the rate of increase eased to a six-month low; and the rate of job creation quickened slightly. Respondents cited Brexit, pandemic disruption, and shortages of delivery drivers and materials as factors that contributed to a record lengthening of delivery times and record growth in input costs. Finally, sentiment ticked up, posting above the series average, amid predictions of pent-up demand over the coming year. source: Markit Economics

Construction PMI in Ireland averaged 54.96 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 November of 2021.

Construction PMI in Ireland is expected to be 56.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 55.00 points in 2022 and 54.00 points in 2023, according to our econometric models.

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Ireland Ulster Bank Construction PMI


Related Last Previous Unit Reference
Construction PMI 56.90 56.30 points Oct/21

News Stream
Irish Construction Output Growth Picks Up
The Ulster Bank Construction PMI in Ireland rose to 56.9 in October 2021 from a five-month low of 56.3 a month earlier, pointing to the sixth straight month of growth. Work on commercial projects expanded sharply and at a steeper rate as COVID-19 curbs eased further (60.4 vs 56.7 in September), while civil engineering activity fell at a softer pace (48.3 vs 43.3). Meantime, the rate of growth in housing activity continued to soften from May's record (54.5 vs 59.8). New orders remained sharp, rising in each of the past seven months; buying levels stayed strong despite the rate of increase eased to a six-month low; and the rate of job creation quickened slightly. Respondents cited Brexit, pandemic disruption, and shortages of delivery drivers and materials as factors that contributed to a record lengthening of delivery times and record growth in input costs. Finally, sentiment ticked up, posting above the series average, amid predictions of pent-up demand over the coming year.
2021-11-08
Irish Construction Growth at 5-Month Low
The Ulster Bank Construction PMI in Ireland fell to a five-month low of 56.3 in September 2021 from 57.5 in August but still pointing to a marked growth of increase after COVID-19 curbs were lifted. Activity in housing slowed (59.8 vs 62.2 in August) while civil engineering work shrank for the second month in a row (43.3 vs 48.6). Meantime, commercial output grew faster (56.7 vs 54.9). New order growth eased despite rising for the sixth straight month, and staffing levels gained at the softest pace since April amid difficulty in sourcing staff. Efforts to build stocks of inputs also contributed to the latest sharp rise in purchasing activity. Suppliers' delivery times lengthened substantially due to further delays, Brexit, and lack of drivers. Prices data pointed to another steep rise in input costs, with the reading fractionally softer than July's series record. Looking ahead, sentiment hit a seven-month low but remained above the series average, on hopes for pent-up demand.
2021-10-11
Irish Construction Growth Slows to 4-Month Low
The Ulster Bank Construction PMI in Ireland fell to a four-month low of 57.5 in August 2021 from 62.8 a month earlier, but still pointing to a substantial increase following the reopening of the sector after COVID-19 curbs were lifted. Activity in both housing (62.2 vs 63.7 in July) and commercial (54.9 vs 60.9) eased while civil engineering work shrank (48.6 vs 53.7). Meantime, new w orders increased for the fifth straight month, and at a rapid pace. Also, staffing levels went up the most since May, and buying levels continued to grow markedly despite easing to a four-month low. Lead times, meanwhile, lengthened to an extent unseen prior to the pandemic as a combination of global material shortages and Brexit disruption caused delays. Prices data showed input cost inflation softened from July's record high but was still the second-fastest since the survey began in June 2000. Looking forward, sentiment was at six-month low, but remained elevated.
2021-09-13

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.