BNP Paribas Real Estate Ireland Construction PMI ®
Survey methodology
The BNP Paribas Real Estate Ireland Construction PMI ® is compiled by S&P Global from responses to questionnaires sent to a panel of around 150 construction companies. The panel is stratified by company workforce size, based on contributions to GDP. Survey responses are collected in the second half of each month and indicate the direction of change compared to the previous month. A diffusion index is calculated for each survey variable. The index is the sum of the percentage of ‘higher’ responses and half the percentage of ‘unchanged’ responses. The indices vary between 0 and 100, with a reading above 50 indicating an overall increase compared to the previous month, and below 50 an overall decrease. The indices are then seasonally adjusted. The headline figure is the Total Activity Index. This is a diffusion index that tracks changes in the total volume of construction activity compared with one month previously. The Total Activity Index is comparable to the Manufacturing Output Index and Services Business Activity Index. It may be referred to as the ‘Construction PMI’ but is not comparable with the headline manufacturing PMI figure. Underlying survey data are not revised after publication, but seasonal adjustment factors may be revised from time to time as appropriate which will affect the seasonally adjusted data series. For further information on the PMI survey
Survey panel size
Survey questions
150
Total activity
Quantity of purchases
Housing activity
Suppliers' delivery times
construction firms
Commercial activity
Input prices
Civil engineering activity
Subcontractor usage
New orders
Subcontractor availability
Employment
Subcontractor quality
% 'Higher' + (% 'No change')/2 + (% 'Lower') x 0 Index calculation
Future activity
Subcontractor rates
Index interpretation 50.0 = no change since previous month
60
2 3
1
4
55
5
50
10
45
6
9
40
7 8
1 Growth
6 Decline, from no change
2 Growth, faster rate
7 Decline, faster rate
3 Growth, same rate
8 Decline, same rate
4 Growth, slower rate
9 Decline, slower rate
5 No change, from growth
10 No change, from decline
methodology, please contact economics@ihsmarkit.com .
Survey dates and history Data were collected 10-27 February 2023. Survey data were first collected June 2000.
Sector coverage Construction PMI data include responses from companies operating in the entire construction sector, including the following ISIC Rev.4 codes: 41 Construction of buildings
43.29 Other construction installation 43.31 Plastering 43.32 Joinery installation 43.33 Floor and wall covering 43.34 Painting and glazing 43.39 Other building completion and finishing 43.91 Roofing activities 43.99 Other specialised construction activities n.e.c.
electricity and telecommunications 42.91 Construction of water projects 42.99 Construction of other civil engineering projects n.e.c. 43 Specialised construction activities 43.11 Demolition 43.12 Site preparation 43.13 Test drilling and boring 43.21 Electrical installation 43.22 Plumbing, heat and air-conditioning installation
41.10 Development of building projects 41.20 Construction of residential and non- residential buildings 42 Civil engineering 42.11 Construction of roads and motorways 42.12 Construction of railways and underground railways 42.13 Construction of bridges and tunnels 42.21 Construction of utility projects for fluids 42.22 Construction of utility projects for
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