The Ulster Bank Construction PMI in Ireland rose to 30.9 in March 2021 from February's reading of 27.0. However, this was the third straight month of fall in the construction sector, amid the the pandemic-related restrictions. Housing work shrank at a softer rate (33.8 vs 23.8 in February) on the back of a further reduction in both commercial activity (31.3 vs 31.2) and civil engineering work (23.8 vs 19.5). New orders fell at a slower rate, employment continued to decline solidly, and buying activity dropped for the third month running. The twin factors of Brexit and COVID-19 were reportedly responsible for continued severe delays in receiving purchased items, while there were also mentions of capacity pressures at suppliers. On the price front, input cost inflation went up for the third month in a row and was the fastest since February 2018, amid rising costs for shipping and raw materials such as metals. Finally, sentiment hit its highest in 2-1/2 years. source: Markit Economics

Construction PMI in Ireland averaged 54.63 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 May of 2021.

Construction PMI in Ireland is expected to be 51.00 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.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Ireland Ulster Bank Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
30.90 27.00 68.80 4.50 2013 - 2021 points Monthly
SA


News Stream
Irish Construction Sector Shrinks at Softer Pace
The Ulster Bank Construction PMI in Ireland rose to 30.9 in March 2021 from February's reading of 27.0. However, this was the third straight month of fall in the construction sector, amid the the pandemic-related restrictions. Housing work shrank at a softer rate (33.8 vs 23.8 in February) on the back of a further reduction in both commercial activity (31.3 vs 31.2) and civil engineering work (23.8 vs 19.5). New orders fell at a slower rate, employment continued to decline solidly, and buying activity dropped for the third month running. The twin factors of Brexit and COVID-19 were reportedly responsible for continued severe delays in receiving purchased items, while there were also mentions of capacity pressures at suppliers. On the price front, input cost inflation went up for the third month in a row and was the fastest since February 2018, amid rising costs for shipping and raw materials such as metals. Finally, sentiment hit its highest in 2-1/2 years.
2021-04-12
Irish Construction Sector Shrinks at Softer Pace
The Ulster Bank Construction PMI in Ireland increased to 27.0 in February 2021 from an eight-month low of 21.2 a month earlier. Both housing activity (23.8 vs 19.0 in January) and commercial works (31.2 vs 24.2) contracted at a softer rate. Meantime, civil engineering activity dropped slightly faster (19.5 vs 19.7). New orders declined for the second month in a row. Also, employment decreased for the second straight month and at a broadly similar pace to that seen in January. This was the case with input buying, too, which fell substantially. Suppliers' delivery times lengthened slightly less than January's survey record, but one that was considerable nonetheless, reflecting Brexit uncertainty; while there were also some mentions of supply-chain disruption due to the pandemic. On the price front, input cost hit its highest in 23 months. Finally, sentiment was at a 12-month high on hopes for recovering demand once the pandemic ends.
2021-03-08
Irish Construction PMI Slumps to 8-Month Low
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.
2021-02-08
Irish Construction Growth Slows
The Ulster Bank Construction PMI in Ireland fell to 53.5 in December 2020 from a 15-month high of 53.5 a month earlier, ahead of the end of the Brexit transition. Still, this was the second straight month of increase, amid particular strength in housing activity, where a third successive monthly increase saw its index pick up to a five-month high (56.2 vs 53.0 in November). Meantime, commercial activity decreased slightly (49.7 vs 50.0) and civil engineering work continued to fall (42.0 vs 44.0). New orders grew for the third month running, only slightly slower than November's 19-month high; while employment rose the most since June 2019. Greater demand was also partly behind a sharp rise in buying levels. Meanwhile, suppliers' delivery times lengthened at the fastest pace in over 20 years of data collection. On the price front, input cost inflation eased to a four-month low but remained sharp. Finally, sentiment for the third straight month, improving to the highest since February.
2021-01-11

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.