The Ulster Bank Construction PMI in Ireland rose to 56.9 in October 2021 from a five-month low of 56.3 a month earlier, pointing to the sixth straight month of growth. Work on commercial projects expanded sharply and at a steeper rate as COVID-19 curbs eased further (60.4 vs 56.7 in September), while civil engineering activity fell at a softer pace (48.3 vs 43.3). Meantime, the rate of growth in housing activity continued to soften from May's record (54.5 vs 59.8). New orders remained sharp, rising in each of the past seven months; buying levels stayed strong despite the rate of increase eased to a six-month low; and the rate of job creation quickened slightly. Respondents cited Brexit, pandemic disruption, and shortages of delivery drivers and materials as factors that contributed to a record lengthening of delivery times and record growth in input costs. Finally, sentiment ticked up, posting above the series average, amid predictions of pent-up demand over the coming year. source: Markit Economics
Construction PMI in Ireland averaged 54.96 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 December of 2021.
Construction PMI in Ireland is expected to be 56.90 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Ulster Bank Construction PMI is projected to trend around 55.00 points in 2022 and 54.00 points in 2023, according to our econometric models.