Ireland Construction PMI

Last Release

Jun 30, 2024

Actual

47.5

Units In

Points

49.8

Frequency

Monthly

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
68.8 Feb 2016	4.5 Apr 2020	53.56 Points	2013-2024	Markit Economics

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.

Latest Updates

The BNP Paribas Real Estate Construction PMI in Ireland increased to 49.4 in October 2024 from September’s three-month low of 49.0. It was the second straight month of contraction in the sector, as commercial activity shrank faster (47.0 vs. 47.9 in September). Meanwhile, housing activity growth accelerated to its fastest pace since May 2022 (56.4 vs. 51.0). The latest reading signaled a market slowdown and a first reduction in new orders for eight months, although the decline in new business was only modest. Meanwhile, employment rose for the second consecutive month at a modest pace, broadly in line with September's rate. On prices, input costs rose sharply, with the pace of inflation ticking up and aligning with the series average. Finally, business sentiment improved, supported by ongoing hiring in the construction sector amid expectations of a renewed increase in new orders.