BNP Paribas Real Estate Ireland Construction PMI ®
Activity by sector Residential
46.2
Housing Activity Index
Housing Activity Index sa, >50 = growth since previous month
Feb ‘23
The seasonally adjusted Housing Activity Index posted below the 50.0 no-change threshold in February to signal a fifth successive drop in the level of work undertaken for residential purposes. Despite softening to a four-month low, the rate of reduction was solid overall and the most pronounced of the three monitored sub-categories. Commercial There was a fresh uplift in commercial construction activity midway through the first quarter of the year. The latest increase was only modest, but the strongest since last May. Of the three categories of construction covered by the survey, commercial building was the only one to register growth in activity levels in February. Civil Engineering February data marked exactly one year whereby activity levels across the civil engineering sub-sector have decreased on a monthly basis. However, while solid overall, the rate of decline eased for the second month in a row to reach an 11-month low.
0 10 20 30 40 50 60 70 80 '07 '09 '11 '13 '15 '17 '19 '21 '23
Sep ‘22 - Feb ‘23
55
50
45
40
Feb ‘23 51.5
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
Sep ‘22 - Feb ‘23
55
50
45
40
Civil Engineering Activity Index
Civil Engineering Activity Index sa, >50 = growth since previous month
46.5 Feb ‘23
0 10 20 30 40 50 60 70 '07 '09 '11 '13 '15 '17 '19 '21 '23
Sep ‘22 - Feb ‘23
55
50
45
40
35
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