The Ulster Bank Construction PMI fell to 54.9 in May 2019, the lowest since January, from 56.6 in April. Housing activity expanded at a softer rate despite marking the fifth straight month of growth (58.3 vs 60.5 in April); and commercial activity grew the least since August 2013, though the rate remained solid (53.1 vs 54.6). Meanwhile, civil engineering declined for the ninth straight month, with the rate of contraction quickening slightly from April (46.3 vs 46.4). At the same time, new order growth slowed to a five-month low, employment advanced at the slowest pace since March 2015, and purchasing activity expanded the least in four months. On the price front, input cost inflation eased to the slowest since September 2016, with prices of materials such as steel, insulation and paint rising further. Finally, sentiment hit three-month high, amid expectations of stronger demand conditions and greater access to skilled labor and financing. Construction Pmi in Ireland is reported by Markit Economics.

Construction Pmi in Ireland is expected to be 54.90 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 54.20 in 12 months time. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 52.90 in 2020, according to our econometric models.

Ireland Ulster Bank Construction PMI
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Ireland Housing Last Previous Highest Lowest Unit
Housing Index 106.80 106.50 131.00 58.70 Index Points [+]
New Home Sales 572.00 516.00 879.00 159.00 Units [+]
Building Permits 1678.00 1813.00 7563.00 751.00 [+]
Construction Output 5.90 12.70 36.10 -38.60 percent [+]
Construction Pmi 54.90 56.60 68.80 43.40 [+]
Existing Home Sales 2623.00 2491.00 3671.00 610.00 Units [+]
Home Ownership Rate 69.50 69.80 81.80 68.60 percent [+]

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. This page provides - Ireland Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Ulster Bank Construction PMI - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
54.90 56.60 68.80 43.40 2013 - 2019 Monthly

Country Last Previous
Australia 40.40 May/19
Euro Area 50.60 May/19
France 50.30 May/19
Germany 51.40 May/19
Italy 49.80 May/19
United Kingdom 48.60 May/19