BNP Paribas Real Estate Ireland Construction PMI ®
Activity by sector Residential
45.2
Housing Activity Index
Housing Activity Index sa, >50 = growth since previous month
Jan ‘23
Residential building activity remained firmly within contraction territory at the start of the year, thereby extending the current sequence of decline to four consecutive months. Despite softening to a three-month low, the pace of decline was solid. Commercial The seasonally adjusted Commercial Activity Index posted below the neutral 50.0 threshold in January to signal a fourth consecutive month where the level of construction work undertaken for commercial purposes had decreased. That said, the rate of reduction softened from December, was only mild and the weakest of the three monitored construction sub-categories. Civil Engineering As has been the case in each of the past 11 months, activity at civil engineering firms decreased in January. The rate of decline eased markedly from the preceding month and was the softest since May last year. That said, the reduction remained marked and was the strongest of the three monitored sectors.
0 10 20 30 40 50 60 70 80 '07 '09 '11 '13 '15 '17 '19 '21 '23
Aug ‘22 - Jan ‘23
55
50
45
40
Jan ‘23 49.0
Commercial Activity Index
Commercial Activity Index sa, >50 = growth since previous month
0 10 20 30 40 50 60 70 80 '07 '09 '11 '13 '15 '17 '19 '21 '23
Aug ‘22 - Jan ‘23
55
50
45
40
Civil Engineering Activity Index
Civil Engineering Activity Index sa, >50 = growth since previous month
44.2 Jan ‘23
0 10 20 30 40 50 60 70 '07 '09 '11 '13 '15 '17 '19 '21 '23
Aug ‘22 - Jan ‘23
55
50
45
40
35
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