The BNP Paribas Real Estate Construction PMI in Ireland fell to a 13-month low of 51.5 in May of 2022 from 52.5 in April. The latest print also marked the third straight month of decline in the sector, amid the impact of the Ukraine war and COVID curbs in China, with commercial projects growing the least since April 2021. Meantime, the housing category bucked the wider trend and posted a sharper increase in activity, while civil engineering work shrank at a softer pace. New orders dropped for the second month in a row, and buying levels eased for the third month running and was the weakest in the year-to-date. Delivery delays lingered, due to material shortages, shipping issues, and Brexit. On prices, input price inflation remained elevated, on higher prices of copper, fuel and oil. Lastly, sentiment hit its lowest since October 2020. Positively, employment accelerated, rising the most since January, as firms made efforts to rebuild capacity. source: Markit Economics
Construction PMI in Ireland averaged 54.94 points from 2013 until 2022, 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 BNP Paribas Real Estate Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Construction PMI in Ireland is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland BNP Paribas Real Estate Construction PMI is projected to trend around 54.00 points in 2023, according to our econometric models.