Category: Economy

Growth of Irish construction activity remains elevated at end of Q2 – Ulster Bank PMI

Ulster Bank PMI June

Simon Barry, Chief Economist, Ulster Bank, Republic of Ireland Ulster Bank PMI June According to the Ulster Bank PMI June 2017, Irish construction firms posted a further strong rise in business activity during June, despite an easing in the pace of growth, which mirrored a slowdown in the rate of expansion in new orders. orders. […]

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Commercial construction reaches new heights in March: Ulster Bank PMI

Ulster Bank PMI March 2017

Simon Barry, Chief Economist, Ulster Bank, Republic of Ireland Irish Construction purchasing activity at the second-fastest pace in PMI survey’s history According to the Ulster Bank PMI March 2017, Rates of expansion remained strong in the Irish construction sector amid reports of improving client demand Highlights – March Ulster Bank Construction Purchasing Managers Index survey […]

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Paschal Donohoe: Government committed to long-term capital investment plan this year

Infrastructure Summit

Government will increase Capital Expenditure to meet society’s needs Minister for Public Expenditure and Reform tells The Sunday Business Post Infrastructure Summit that the Government is committed to producing a long term capital investment in 2017. Key points of Minister Paschal Donohoe’s speech at National Infrastructure Summit 2017   Government committed to increased capital spending […]

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Ulster Bank Construction PMI February 2017

Ulster Bank PMI February

Simon Barry, Chief Economist Ulster Bank, Ireland Construction activity picks up further in February According to the Ulster Bank PMI February 2017, Rates of growth in total activity and new orders accelerated in the Irish construction sector, while job creation is at a near-record pace. Highlights from the February Ulster Bank Construction Purchasing Managers Index […]

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Ulster Bank Construction Purchasing Managers Index, December 16

Ulster Bank Construction Purchasing Managers Index

Simon Barry, Ulster Bank Positive Growth with Housing & Commercial Orders Up, but Civils Down According to the latest Ulster Bank Construction Purchasing Managers Index (PMI), new order growth continued to expand in December, with housing and commercial development experiencing substantial growth, but civil engineering continued to lag considerably behind the other sectors. However, overall […]

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Help to Buy Scheme – 120 applications in first 12 hours

Help to Buy scheme

Ten applications per hour as Help to Buy Scheme opens Help to Buy scheme gets off to a quick start with some 120 first time buyers submitting applications in first 12 hours of it opening, according to the Revenue Commissioners. The Government’s first time buyers Budget 2017 incentive came into legislation in the new year. […]

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CIF jobs website aims to fill over 100,000 Irish construction jobs

Irish Construction Jobs

Where are the key Irish construction jobs going to be? The Construction Industry Federation (CIF) has launched a new Irish Construction jobs website to target ex pats living abroad. This is as a result of the CIF estimating that approximately 112,000 workers will be required for the Irish construction industry to deliver on ambitious targets […]

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Statement from Construction Industry Federation on Central Bank mortgage review

Construction Industry Federation

Tom Parlon, CIF Director General Following the review of mortgage measures announced by the Central Bank today, CIF Director General, Tom Parlon, stated: “The CIF recognises that the Central Bank’s macro-prudential rules are part of a necessary regulatory framework within the Irish banking system. Today’s changes to the deposit rules may assist first-time buyers in […]

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Irish construction sector could meet demands of possible Brexit influx

Ulster Bank Construction Purchasing Managers Index

136 new office buildings planned for Dublin  136 new office buildings – totalling over 12 million square feet – are being planned for Dublin over the next five years, according to a new report by property consultants, Savills Ireland. This would be enough space to accommodate over 100,000 office employees.  While Savills acknowledge that not […]

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Industry could generate 112,000 construction jobs by 2020

Construction jobs

A new report by DKM Consultants shows that the Irish construction industry can grow on average by 9% per year up to 2020 but warns there are potential skills shortages. The report, commissioned by the Construction Industry Federation and carried out by DKM Econmic Consultants in conjunction with SOLAS, states that construction activity could potentially […]

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