New construction jobs reach near record levels in Ireland

  • 14 Feb 2017

Figures from the latest Ulster Bank Construction Purchasing Managers Index indicates that there was a surge in new construction jobs, reaching near record levels in Ireland.

The latest PMI revealed that 27% of firms reported workforce expansions – the second highest recorded since the monthly survey was first run more than 16 years ago.

In January, activity in the Irish construction sector continued to rise sharply, according to the PMI, prompted by an increase in new orders.

The headline PMI index remained comfortably in expansion territory in January, explained Simon Barry, Chief Economist Republic of Ireland at Ulster Bank. He added that residential activity remains a particular bright spot with housing activity continuing to rise at a rapid pace, while commercial activity also very much remains in expansion mode, though the pace of growth has eased in recent months.

Respondents report a third consecutive monthly decline in activity with civil engineering continuing to lag behind the other sectors. The Irish construction outlook is still judged as favourable by respondents, with confidence about future activity prospects remaining strongly positive in January amid further solid gains in new orders, despite easing in the rate of increase.

Staffing levels saw a substantial and accelerated rise last month with the rate of job creation picking up to its second-fastest in the survey’s 16-and-a-half year history, says Simon Barry. With building cost pressures due to the rate of input cost inflation picking up to its quickest in almost ten years, creating a note of caution.

“Respondents reported higher prices for oil-related products and for items sourced from UK suppliers, consistent with growing signs of Brexit-relatedprice and costs increases in the UK economy,” Simon concludes.

Leave a Reply

Latest news

Crown

Hygienically Clean Paint from Crown Paints

Crown Trade’s Clean Extreme Anti Bacterial paint range offers the best of both worlds – a paint with added anti bacterial protection which will not diminish over time.

Posted in Articles, Building Industry News, Building Products & Structures, Health & Safety, Interior Design & Construction, Interiors, Paints, Coatings & Finishes, Restoration & Refurbishment, Retrofit & Renovation

GGF

Laminated Glass Ban Webinar Engages GGF Members

On Thursday 18 February, the GGF Document B Working Party held a Members-only Webinar on the GGF’s response to the Government ban of the use of Laminated Safety Glasses: Regulation 7/Statutory Instrument 1230.

Posted in Articles, Building Associations & Institutes, Building Industry Events, Building Industry News, Building Products & Structures, Building Regulations & Accreditations, Glass, Glazing, Health & Safety, Posts, Seminars, Windows

EverEdge

Challenges ahead for UK Manufacturing - EverEdge

UK manufacturing has been hit with so many challenges in the last 12 months and there remain plenty of challenges ahead for 2021, explain EverEdge.

Posted in Articles, Building Industry News, Building Products & Structures, Garden, Landscaping, news, Restoration & Refurbishment, Retrofit & Renovation

Contour

DeepClean Hospital Radiators: Saving The Healthcare Sector Millions - Contour

Through developing the innovative DeepClean LST radiator and anti-ligature guard range, Contour has enabled the NHS to potentially save more than £35 million since 2006.

Posted in Articles, Building Industry News, Building Services, Health & Safety, Heating Systems, Controls and Management, Heating, Ventilation and Air Conditioning - HVAC, Interiors, Plumbing