Property

Construction activity returns to growth but concerns over pipeline slowdown

BNP Paribas Real Estate Ireland Construction PMI showed renewed increase in both housing and commercial activity last month

Activity in the construction sector returned to growth in March, the first time since June 2023. Picture: Getty

Activity in the construction sector returned to growth in March, the first time since June 2023 and the most marked expansion in more than two years.

However, positive headline figures mask wider concerns about ongoing activity and a slowdown in the wider construction pipeline, according to BNP Paribas Real Estate Ireland.

The real estate giant’s March PMI showed seasonally adjusted total activity was 51.6, surpassing the 50.0 no change mark to signify expansion and up ...