FX.co ★ Irish Real Estate Construction Shrinks the Most in 5 Months

The BNP Paribas Real Estate Construction PMI for Ireland fell to 48.6 in June 2025, down from 49.2 in May, signaling a second consecutive month of contraction in the sector. This decline is the most pronounced since January, with new orders remaining stagnant compared to the previous month. Housing activity saw its second month of contraction, while civil engineering experienced the sharpest downturn among the three sub-sectors. Employment saw a slight increase in June, albeit at the slowest rate over the current four-month period of job growth. Purchasing activity rose, but the rate of expansion decelerated compared to May. Concurrently, suppliers faced longer delivery times due to reported staff shortages at vendor locations. On the pricing side, input cost inflation eased to a five-month low, and output cost inflation decreased to its slowest rate in four months. Furthermore, business sentiment dropped to a three-month low, influenced by concerns over geopolitical tensions and broader economic volatility.