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 posted a renewed rise in purchasing activity midway through the first quarter of the year, breaking an eight-month sequence of decline. Albeit only mild overall, the latest upturn was strong by historical standards. Respondents often mentioned increasing rates of input buying in line with higher business activity and efforts to build up stocks. Suppliers' delivery times Irish construction firms continued to report issues in supply chains in February, hence resulting in a further lengthening in average delivery times. However, there were some further signs of easing supply pressures. The rate of deterioration in vendor performance eased for the second month in a row with the latest decline the weakest since January 2020. Input prices As has been the case since May 2020, input prices across Ireland's construction sector increased in February. Having accelerated from January's two-year low, the latest round of inflation was historically sharp although remained softer than seen over much of the past two years. Still, approximately 42% of respondents recorded a rise in operating expenses compared with just 5% who posted a fall.
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
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
Sep ‘22 - Feb ‘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
Sep ‘22 - Feb ‘23
80
70
60
50
40
Items up in price Air Sealing Materials
Items down in price Fuel Reinforcement
Items in short supply Electrical Items Insulation Timber
Blocks Boilers Concrete Electronics Fittings Hollow Section Insulation Insurance Metal Pipe Paints Plaster Board Steel Steel Plate
Steel Mesh Steel Rebar Wages
Timber Tubing
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