FX.co ★ Irish Construction Shrank the Most in 19 Months

In July 2025, the AIB Ireland Construction PMI fell to 47.1, a decrease from June's figure of 48.6. This marks the third consecutive month of contraction in the construction sector and the sharpest decline since December 2023. The slowdown is attributed to new orders increasing at their weakest rate since February due to clients hesitating to make decisions amid economic uncertainties. Both housing and civil engineering reported declines, while the commercial sector continued its modest growth for the sixth consecutive month, the slowest in this period. Employment in the sector rose for the fifth month in succession, yet there was a reduction in purchasing activity for the first time since January. Additionally, suppliers faced the most significant delays in deliveries in three months, attributed to staffing shortages among vendors. Input cost inflation has intensified. Looking forward, business sentiment has dipped to its lowest point in 32 months, reflecting concerns over U.S. trade policies and geopolitical tensions.