BNP Paribas Real Estate Ireland Construction PMI ®
Purchasing Quantity of purchases
Quantity of Purchases Index sa, >50 = growth since previous month
Quantity of Purchases Index
Irish construction firms continued to cut back on purchasing in the first month of 2023, thereby stretching the current sequence of reduction to eight months. The rate of decline, though solid, was the softest since last October. Anecdotal evidence suggested that firms decreased input buying to match current muted levels of demand. Suppliers' delivery times As has been the case since July 2011, supplier performance in the Irish construction sector worsened in January. Panel members mentioned that ongoing supply chain issues was a pivotal factor contributing to the latest deterioration. That said, there were tentative signs of easing supply pressures, highlighted by the respective seasonally adjusted index rising to a 35-month high. Input prices Average operating expenses faced by Irish construction firms increased sharply in January. Survey respondents indicated that prices had risen across a broad range of products. That said, the rate of input cost inflation weakened markedly from December and reached its lowest level in exactly two years.
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
Suppliers' Delivery Times Index sa, >50 = faster times since previous month
Suppliers' Delivery Times Index
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
35
Input Prices Index sa, >50 = inflation since previous month
Input Prices Index
20 30 40 50 60 70 80 90 100 '07 '09 '11 '13 '15 '17 '19 '21 '23
Aug ‘22 - Jan ‘23
80
70
60
50
40
Items up in price Cleaning Products Concrete Electricity Fibre Boards Gas Heating Products Insulation Iron
Items down in price Diesel Steel
Items in short supply Electrical Items Engineering Components Insulation
Timber Wages
Labour Metals Paint Paper
Plumbing Printer Ink Salt Stationary Steel Timber Waterproofing Membranes
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