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.