FX.co ★ Irish Construction Activity Growth Hits 3-Year High

In March 2025, Ireland's Real Estate Construction PMI rose to 53.9, from February's 48.7, signaling the first increase in construction activity in three months. This figure also represents the most rapid growth since March 2022, primarily driven by a significant surge in new business—the highest since July 2024. Commercial activity saw the most robust growth since March 2022, while housing activity continued its upward trend for the seventh consecutive month, with this latest increase being the most substantial of the year. Meanwhile, civil engineering activities showed signs of stabilization after a period of consistent decline. Consequently, employment saw an uptick following a decrease in the previous month. The rate of purchasing activity grew at its quickest since July 2024, although delivery times extended. Regarding prices, input cost inflation accelerated to its highest level in nearly two years. Lastly, sentiment fell to a 16-month low due to apprehensions about a potential economic slowdown and uncertainties surrounding US trade policies.