Construction sector in Ireland continues to show signs of recovery

3 D Personnel

The Irish construction sector continues to show signs of recovery with several indicators demonstrating that November was a positive month, particularly in the housing market.  A survey by IHS Markit found that new orders were up for the first time in four months.  The Ulster Bank Construction Purchasing Managers' Index, 48.6 in October, increased to 53.5 in November, which represents the highest monthly gain since August of 2019.  The prognostics for the next 12 months is at its highest since before the coronavirus outbreak in March.  The number of employees being taken on has increased in both October and November.  However, it was housing sector which was responsible for most of the positivity with the commercial sector holding its own.  Civil engineering activity contracted slightly.  Despite this, we hope to have turned the corner and look forward to 2021.

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