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Economy

Covid-19 lockdown leads to further decline in activity, but confidence reaches two-and-a-half-year high

Ulster Bank PMI

As the construction sector starts to reopen, the Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 30.9 in March, up from February’s reading of 27.0, but still signalling a sharp reduction in activity. Falls have been recorded throughout the first three months of the year amid the latest COVID-19 lockdown.

CIF Reaction to Budget 2019

Tom Parlon, Director General, Construction Industry Federation. “The CIF welcomes the €2.3b housing package announced and the 24% increase in capital infrastructure funding in today’s budget.  However, we are disappointed that there was no clarity in relation to an extension of the Help to Buy scheme which is due to expire in December 2019. This […]

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 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. Highlights – June Ulster […]

Commercial construction reaches new heights in March: Ulster Bank PMI

Simon Barry, Chief Economist, Ulster Bank, Republic of Ireland 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 (PMI) Ulster Bank PMI rose from 57.9 in February to break 60.8 […]

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

Infrastructure Summit

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 for medium-term growth Capital investment planning needs to be […]

Ulster Bank Construction PMI February 2017

Ulster Bank PMI February

Simon Barry, Chief Economist Ulster Bank, Ireland 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 survey (PMI) include The Ulster Bank PMI […]

Ulster Bank Construction Purchasing Managers Index, December 16

Ulster Bank Construction Purchasing Managers Index

Simon Barry, Ulster Bank 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 the Irish construction sector continued to expand on the previous months. […]

Help to Buy Scheme – 120 applications in first 12 hours

Home Building Finnace ireland

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. First time buyers of new homes and first time self […]