BNP Paribas Real Estate Ireland Construction PMI ®
Subcontractors
Subcontractors in short supply
February data highlighted a renewed upturn in sub-contractor usage at Irish construction companies. In fact, the increase was marked and the strongest since June 2021. Sub- contractor availability subsequently declined in February and at the fastest pace in four months. The rates charged by sub-contractors increased sharply again, and to the greatest extent since last November, but their quality was deemed to have deteriorated further, albeit at a softer rate than in the preceding month.
Subcontractor Usage Index Sep ‘22 - Feb ‘23
All Trades Blocklayers Carpenters Contractors Ecologists Electricians Geohydrologists
Glazers Joinery Contractors Ornithologists
60
Plasterers Plumbers Visual Impact Specialists
55
50
45
Subcontractor Availability Index
Subcontractor Usage Index sa, >50 = growth since previous month
Subcontractor Availability Index sa, >50 = improvement since previous month
Sep ‘22 - Feb ‘23
55
20 30 40 50 60 70 80 90 '07 '09 '11 '13 '15 '17 '19 '21 '23
0 10 20 30 40 50 60 70 '07 '09 '11 '13 '15 '17 '19 '21 '23
50
45
40
Subcontractor Quality Index Sep ‘22 - Feb ‘23
Subcontractor Quality Index sa, >50 = improvement since previous month
Subcontractor Rates Index sa, >50 = inflation since previous month
55
40 45 50 55 60 65 70 75 '07 '09 '11 '13 '15 '17 '19 '21 '23
30 35 40 45 50 55 60 65 '07 '09 '11 '13 '15 '17 '19 '21 '23
50
45
40
Subcontractor Rates Index Sep ‘22 - Feb ‘23
45 50 55 60 65 70
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