FOREX TradingCharts.com

Financial News: Ireland Construction Sector Contracts In June

Ireland Construction Sector Contracts In June

07/11/2022 - 03:55:00 (RTTNews)

(RTTNews) - Ireland's construction sector activity deteriorated for the first time in fourteen months in June amid weaker demand and severe price pressures, survey data from S&P Global showed on Monday.

The BNP Paribas Real Estate Ireland Construction Purchasing Managers' Index fell to 46.4 in June from 51.5 in May.

Any reading below 50 indicates contraction, while a score above 50 suggests expansion in the sector.

All three monitored categories of construction declined in June, with both commercial and housing activity posting declines for the first time since the first half of 2021.

New orders fell at a faster rate in fifteen months in June due to lower demand and increased price pressures.

As a result of lower new business, construction firms reduced their input buying for the first time in fifteen months.

Supply chain pressures alleviated somewhat in June, in line with a reduction in purchasing activity.

Suppliers' delivery times continued to increase, but the latest deterioration in vendor performance was the least pronounced since the onset of the pandemic.

As a result of weaker demand, employment levels in the Ireland construction sector remained broadly unchanged in June.

Input price inflation remained elevated in June despite easing to a 14-month low.

Looking ahead, the construction outlook turned negative for the first time since September 2020 amid concerns of falling new orders and signs of a wider economic slowdown.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


RBA Minutes On Tap For Tuesday (03 hr(s), 06 min(s), 33 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

Swiss Producer And Import Price Inflation Slows In July (08 hr(s), 36 min(s), 33 sec(s) ago)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story»

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August (10 hr(s), 23 min(s), 33 sec(s) ago)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story»

New York Manufacturing Index Unexpectedly Indicates Contraction In August (11 hr(s), 07 min(s), 33 sec(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Slovakia Inflation Rises Slightly In July (12 hr(s), 09 min(s), 33 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation accelerated marginally in July, but remained a ...Full Story»

New York Manufacturing Index Unexpectedly Turns Negative In August (12 hr(s), 25 min(s), 33 sec(s) ago)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story»

Norway Trade Surplus Rises In July (12 hr(s), 38 min(s), 33 sec(s) ago)
(RTTNews) - Norway's trade surplus expanded in July compared to the previous year as exports i ...Full Story»

Ireland Trade Surplus Falls In June (12 hr(s), 57 min(s), 33 sec(s) ago)
(RTTNews) - Ireland's trade surplus decreased in June from a year ago, as imports grew more ra ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

RBA Minutes On Tap For Tuesday

08/15/2022 - 18:00 PM (RTTNews)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story>>

Swiss Producer And Import Price Inflation Slows In July

08/15/2022 - 12:30 PM (RTTNews)
(RTTNews) - Switzerland's producer and import prices increased at a softer pace in July, data ...Full Story>>

U.S. Housing Market Index Unexpectedly Drops To Two-Year Low In August

08/15/2022 - 10:43 AM (RTTNews)
(RTTNews) - A report released by the National Association of Home Builders on Monday unexpectedly ...Full Story>>

New York Manufacturing Index Unexpectedly Indicates Contraction In August

08/15/2022 - 09:59 AM (RTTNews)
(RTTNews) - New York manufacturing activity has unexpectedly seen a substantial contraction in the ...Full Story>>

Slovakia Inflation Rises Slightly In July

08/15/2022 - 08:57 AM (RTTNews)
(RTTNews) - Slovakia's consumer price inflation accelerated marginally in July, but remained a ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.