The BNP Paribas Real Estate Construction PMI was up to 46.9 in August 2022 from July's 16-month low of 41.8 as COVID curbs were lifted, with activity across housing, commercial, and civil engineering all down at softer rates. The latest print, however, was the third straight month of fall in construction output amid worries over the economic outlook and cost pressures. New orders fell sharply but the rate of drop slowed; while firms increased their staffing levels slightly. Meantime, buying levels shrank for the third month in a row, with the speed of fall the sharpest in 1-1/2 years. On prices, input cost inflation remained elevated and well above the series average, despite easing for the fourth month running to the softest since March 2021. Delivery times lengthened at the same pace as in July, and to the joint-least degree in 2-1/2 years, due to shortages of electronic chips. Finally, sentiment stayed negative, but a modest degree of pessimism was signaled for the third month. source: Markit Economics

Construction PMI in Ireland averaged 54.67 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 September of 2022.

Construction PMI in Ireland is expected to be 55.10 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 46.90 41.80 points Aug 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
46.90 41.80 68.80 4.50 2013 - 2022 points Monthly
SA

News Stream
Irish Construction Activity Falls at Slower Pace
The BNP Paribas Real Estate Construction PMI was up to 46.9 in August 2022 from July's 16-month low of 41.8 as COVID curbs were lifted, with activity across housing, commercial, and civil engineering all down at softer rates. The latest print, however, was the third straight month of fall in construction output amid worries over the economic outlook and cost pressures. New orders fell sharply but the rate of drop slowed; while firms increased their staffing levels slightly. Meantime, buying levels shrank for the third month in a row, with the speed of fall the sharpest in 1-1/2 years. On prices, input cost inflation remained elevated and well above the series average, despite easing for the fourth month running to the softest since March 2021. Delivery times lengthened at the same pace as in July, and to the joint-least degree in 2-1/2 years, due to shortages of electronic chips. Finally, sentiment stayed negative, but a modest degree of pessimism was signaled for the third month.
2022-09-12
Irish Construction PMI Sinks to 16-Month Low
The BNP Paribas Real Estate Construction PMI plunged to 41.8 in July 2022 from 46.4 in June. This was the 2nd straight month of drop in construction output and the steepest pace since March 2021 when pandemic curbs impacted the sector. Excluding periods of COVID disruption, the fall was the most marked in a decade. Housing activity fell at an accelerated pace, with civil engineering down rapidly. Commercial activity also fell, but the rate of the drop was less pronounced. New orders fell for the fourth month running, and buying levels were down for the 2nd month in a row. Meantime, employment was broadly unchanged, the same as in June. Input costs rose sharply again, but there were signs that inflation has peaked, with the latest rise the softest since April 2021. Lead times lengthened markedly again, but at the smallest degree since February 2020. Finally, confidence hit its lowest since early 2020, on worries over an economic downturn and the impact of rising costs.
2022-08-15
Irish Construction Output Shrinks for 1st Time in 14 Months
The BNP Paribas Real Estate Construction PMI plunged to 46.4 in June 2022 from 51.5 a month earlier. This was the first drop in construction activity since April 2021, when the sector was impacted by COVID-19 restrictions. Both commercial and housing output fell for the first time since the first half of 2021 while housing activity declined marginally. New orders shrank at an accelerated pace, marking the fastest decrease since March 2021 as previously agreed projects had been postponed due to price pressures. At the same time, input buying fell for the first time in 15 months, amid a stagnation in staffing levels. Meanwhile delivery times continued to lengthen markedly, due to material shortages. On the cost side, input price inflation remained elevated despite easing to a 14-month low. Finally, pessimism was recorded for the first time since September 2020, dragged down by signs of a wider economic slowdown, persistent price pressures, and subdued demand.
2022-07-11