FX.co ★ Irish Construction Activity Grows for 2nd Month

In April 2025, the BNP Paribas Real Estate Construction PMI for Ireland fell to 52.4, a decrease from March's three-year peak of 53.9. Despite this, the figure indicates a continued expansion in construction activity for the second consecutive month, buoyed by ongoing growth in new orders. Commercial activity has now grown for three straight months at a robust pace, while housing activity enjoyed an eighth month of expansion. Civil engineering experienced its fastest growth rate since February 2022. As a result, employment increased for the second month in a row, accelerating slightly from March. Purchasing activities also saw an uptick; however, delivery times were extended due to workforce shortages. Regarding costs, input cost inflation remained high, surpassing the series average for the month. Finally, while sentiment showed signs of improvement, it remained below the series average, influenced by concerns about the implications of US trade policies.