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. source: Markit Economics

Construction PMI in Ireland averaged 54.74 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 王者荣耀电竞(江西)积分排榜 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 41.80 46.40 points Jul 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
41.80 46.40 68.80 4.50 2013 - 2022 points Monthly
SA

News Stream
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
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