The BNP Paribas Real Estate Construction PMI in Ireland slipped to 47.5 in November 2024 from 49.4 in October. It marked the third consecutive month of contraction in construction activity and the steepest pace since June, with commercial output remaining weak (47.2 vs 47.0 in October) while growth in housing activity eased sharply (50.3 vs 56.4). New orders returned to growth, rising in eight of the past nine months and logging the strongest rise in four months, boosted by new projects and improved client demand. In response, firms raised their staffing levels for the third consecutive month and to the greatest extent since April. On the price front, input cost inflation eased slightly and was softer than the series average. Finally, firms remained optimistic, with sentiment unchanged from the previous month, amid a positive trend in order books, employment, and purchasing levels. source: S&P Global

Construction PMI in Ireland decreased to 47.50 points in November from 49.40 points in October of 2024. Construction PMI in Ireland averaged 53.40 points from 2013 until 2024, 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.

Construction PMI in Ireland decreased to 47.50 points in November from 49.40 points in October of 2024. Construction PMI in Ireland is expected to be 52.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Building Permits 1566.00 1598.00 Units Sep 2024
Construction Output YoY 4.50 0.60 percent Sep 2024
Existing Home Sales 3891.00 3394.00 Units Oct 2024
Home Ownership Rate 69.40 70.50 percent Dec 2023
Residential Property Prices MoM 0.80 0.90 percent Oct 2024
Residential Property Prices YoY 9.70 10.00 percent Oct 2024
Housing Index 188.50 187.00 points Oct 2024
New Home Sales 990.00 773.00 Units Oct 2024
Price to Rent Ratio 110.16 109.84 Sep 2024
Residential Property Prices 8.39 6.30 Percent Jun 2024

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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Irish Construction PMI Falls to 5-Month Low
The BNP Paribas Real Estate Construction PMI in Ireland slipped to 47.5 in November 2024 from 49.4 in October. It marked the third consecutive month of contraction in construction activity and the steepest pace since June, with commercial output remaining weak (47.2 vs 47.0 in October) while growth in housing activity eased sharply (50.3 vs 56.4). New orders returned to growth, rising in eight of the past nine months and logging the strongest rise in four months, boosted by new projects and improved client demand. In response, firms raised their staffing levels for the third consecutive month and to the greatest extent since April. On the price front, input cost inflation eased slightly and was softer than the series average. Finally, firms remained optimistic, with sentiment unchanged from the previous month, amid a positive trend in order books, employment, and purchasing levels.
2024-12-09
Irish Construction Activity Shrinks for 2nd Month
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.
2024-11-11
Irish Construction PMI Falls to 3-Month Low
The BNP Paribas Real Estate Construction PMI in Ireland declined to 49.0 in September 2024 from August’s 50.0, marking the lowest reading since June. It also marked the fourth contraction in the past five months, as commercial activity dipped back into contraction after experiencing growth in the previous month (47.9 vs 51.1 in August). Meanwhile, housing activity returned to growth following a slight reduction in August (51.0 vs. 49.8), with activity on residential projects rising in six of the past seven months. New orders continued to increase, as new business rose for the seventh consecutive month amid improving client demand. In response to further expansion in new business, firms modestly raised staffing levels, reversing the decline seen in the previous month. On the cost side, input prices rose sharply, driven by higher material costs and wages, although the pace of inflation eased to its lowest level since January.
2024-10-14