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Ireland Construction Report 2021, H1 Edition - Industry to Expand by 10.9% in Real Terms - ResearchAndMarkets.com
April 14, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 14, 2021
The publisher expects the Irish construction industry to expand by 10.9% in real terms in 2021 - up from a decline of 12.7% in 2020
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The industry’s output was affected by the COVID-19 outbreak and the subsequent lockdown measures imposed to contain the virus’s spread. This has continued to weigh on construction progress and has created supply chain disruptions and project delays.
Research and Markets: Ireland Construction Report 2021, H1 Edition - Industry to Expand by 10.9% in Real Terms - ResearchAndMarkets.com
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The publisher expects the Irish construction industry to expand by 10.9% in real terms in 2021 up from a decline of 12.7% in 2020
The industry s output was affected by the COVID-19 outbreak and the subsequent lockdown measures imposed to contain the virus s spread. This has continued to weigh on construction progress and has created supply chain disruptions and project delays.
The industry is expected to be further affected in Q1 2021 owing to the closure of non-essential construction sites from early January to early March 2021. The initial effects of the latest lockdown restrictions on the industry are reflected by the fall in Ulster Bank s Construction Purchasing Managers Index (PMI). It fell to 21.2 in January 2021, following an average score of 42.1 in 2020. A further downside risk to the industry s outl