Tag: Ulster Bank

Construction activity ramped up in June following loosening of restrictions

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – remained well above the 50.0 no-change mark in June 2021, posting 65.0 following a reading of 66.4 in May. Activity increased for the second month running following the full reopening of the sector and at one of the strongest rates since the survey began 21 years ago. Index readings above 50 signal an increase in activity on the previous month, and readings below 50 signal a decrease.

Construction News, Latest, News

Sharp Increase in Irish construction employment rates

Simon Barry, Ulster Bank Irish construction employment see highest jump since February as new work comes on stream   Near-term prospects for Irish construction firms continue to be underpinned by ongoing improvement in new business flows Irish construction firms continued to record strong growth of activity during November, supported by a further sharp increase in […]

Employment, Housing

Record rise in Irish construction activity

Irish construction activity increased at the fastest pace since the survey began in June 2000 during February, as the rate of expansion in new business accelerated sharply. Constructors responded by increasing both their purchasing activity and employment at near-record rates. With further improvements in economic conditions predicted over the coming year, business sentiment improved to […]

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Sharpest increase in new business for seven months

Growth in the Irish construction sector strengthened at the start of 2016, with activity rising at the fastest pace in seven months on the back of an accelerated expansion in new business. This encouraged firms to take on extra staff and increase their purchasing activity, while business sentiment remained strongly positive. The Ulster Bank Construction […]

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Growth of construction activity quickens to five-month high

December data signalled a positive end to 2015 in the Irish construction sector, with activity rising at a sharper pace in response to further steep growth of new orders. The rate of job creation also picked up during the month and business sentiment remained elevated as companies predicted further improvements during 2016. The Ulster Bank […]

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Increase in construction activity, jobs & sentiment

Increased activity, more jobs and sentiment at a near-record high reflect another positive month for the Irish construction sector. The Ulster Bank Construction Purchasing Managers’ Index (PMI) – a seasonally adjusted index designed to track changes in total construction activity – posted 55.5 in November, below the reading of 56.3 from October but still signaling a sharp monthly […]

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New orders fuel construction growth

A further sharp rise in new business was central to improvements in activity, employment and confidence at Irish construction firms in October. Companies also continued to increase their purchasing activity, while the rate of input cost inflation moderated for the second month in a row. The Ulster Bank Construction Purchasing Managers’ Index (PMI)– a seasonally adjusted […]

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Construction sector’s 25 months of continuous growth

The Irish construction sector ended the third quarter of the year on a positive note as activity, new orders and employment all continued to rise. On the price front, a marked slowdown in the rate of cost inflation was recorded, with prices increasing at the weakest pace since June 2014. The Ulster Bank Construction Purchasing […]

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New business continues to grow through August

There were further signs of a slowdown in growth of Irish construction output during August, but activity continued to rise sharply during the month amid sustained growth of new business. With new work rising again, companies continued to take on extra staff at a rapid pace. Meanwhile, the rate of cost inflation remained sharp amid […]

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