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Republic of Ireland Construction PMI – May 2021

The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally adjusted index designed to track changes in total construction activity – posted 66.4 in May, up sharply from 49.3 in April and above the 50.0 no-change mark for the first time since the imposition of the lockdown at the start of the year. Index readings above 50 signal an increase in activity on the previous month and readings below 50 signal a decrease. In fact, activity increased at the sharpest pace since February 2016 and the second-fastest on record. The lifting of COVID-19 restrictions was the key factor behind the rise in activity, with the release of pent-up demand also highlighted.

The full Republic of Ireland Ulster Bank Construction PMI® Report is attached.

Lorraine MacKinder
Marketing and Membership Administrator

Tel: 020 7747 8121 (direct line)
Mobile: 07394561099