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 June 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.

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Ireland BNP Paribas Real Estate Construction PMI



Related Last Previous Unit Reference
Construction PMI 51.50 52.50 points May 2022

Ireland BNP Paribas Real Estate 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.
Actual Previous Highest Lowest Dates Unit Frequency
51.50 52.50 68.80 4.50 2013 - 2022 points Monthly
SA

News Stream
Irish Construction PMI Down to 13 Month-Low
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.
2022-06-13
Ireland Construction PMI Falls to 1-Year Low
The BNP Paribas Real Estate Construction PMI in Ireland fell to 52.5 in April 2022 from 53.9 in the previous month, sliding for the second month running and pointing to the weakest rise in the current one-year sequence of expansion. Marked, but slower rises in activity on housing and commercial projects were recorded in April, while civil engineering activity decreased for the second month running. Near-record cost pressures acted to depress demand in the Irish construction sector during April, with new orders dropping for the first time since March 2021. Meanwhile, activity, employment and purchasing all continued to rise, albeit at softer rates than seen around the turn of the year. Business confidence remained relatively muted amid worries about the impact of inflation on demand going forward.
2022-05-16
Ireland BNP Paribas Construction PMI Lowest in 11 Months
The BNP Paribas Real Estate Construction PMI in Ireland fell to 53.9 in March 2022 from 58.4 a month earlier. The latest figure pointed to the lowest reading since a fall in April 2021, amid the impact of the conflict in Ukraine. The housing and commercial works moderated while civil engineering activity shrank for the first time in five months. Meantime, new orders rose the least in the current year-long sequence of growth, and buying activity eased despite solid rate of increase. Also, employment grew the least since April 2021, linked a weaker rise in the use of sub-contractors. On the cost side, input prices went up at a pace that was only slightly weaker than the survey record posted in last October, on high fuel prices, material shortages and geopolitical risks. Lead delivery times lengthened, with the rate of deterioration getting worse for the first time in five months. Finally, sentiment weakened the second-largest degree on record and was the lowest since October 2020.
2022-04-11