The Ulster Bank Construction PMI in Ireland plunged to 21.2 in January 2021, signaling the steepest month of contraction in construction output since May 2020 due to renewed COVID-19 lockdown. Housing activity contracted the most last month (19.0 vs 56.2 in December) followed by sharp declines in commercial activity (24.2 vs 49.7) and civil engineering works (19.7 vs 42.0). New orders fell the most in eight months, ending a three-month sequence of expansion. Also, employment dropped for the first time in four months and to the greatest extent since May 2020; while buying activity shrank the most in eight months. At the same time, suppliers' lead time lengthened at the steepest rate in more than 20 years of data collection. On the price front, input cost inflation rose to the highest since April 2019. Finally, sentiment was only slightly lower than December's ten-month high, supported by vaccine rollouts. source: Markit Economics
Construction PMI in Ireland averaged 55.19 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 February of 2021.
Construction PMI in Ireland is expected to be 52.00 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 53.40 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 52.50 points in 2022, according to our econometric models.