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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Construction Output YoY climbed to 6.8% in October 2024
FMPMonthlyReleased March 2025
Ireland Construction Output YoY climbed to 6.8% in October 2024, released March 2025, up 2.3% from September's 4.5% reading. The print exceeded the 2.6% consensus by 4.2%. Construction Output YoY has now risen for 4 consecutive months. Construction Output YoY is now the highest in 30 months.
Latest Release
6.8
Actual
2.6
Consensus
4.5
Previous
Median Absolute Error
±5.78 percentage points
across last 6 releases
Last Call
Mar 2025
Predicted: 2.6
Actual: 6.8
Error: -4.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction Output YoY (Ireland) was reported at 6.8% in March 2025. This beat the market consensus of 2.6% by 4.2%. The reading rose from the previous value of 4.5%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 3.27%, up from the prior three at -9.63%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 6 releases, the Sigmacast model's median absolute error is 5.78%.
Auto-generated from current model state · Refreshes on each release · Last update March 2025.
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Construction Output YoY - IE
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About Construction Output YoY — Ireland
DEFINITION
Construction Output YoY (Year-over-Year) is a financial indicator that measures the change in the total value of construction projects completed in a given period compared to the same period in the previous year. It provides valuable insights into the growth or decline of the construction industry and can be used to assess the overall health of the economy. This indicator is closely monitored by investors, policymakers, and analysts to make informed decisions about the construction sector and its impact on the broader economy.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2024): actual 6.8 %, consensus 2.6 %. Prior reading (Jul 2024): 4.5 %. Before that (Apr 2024): -1.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.