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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Construction PMI fell to 45.4 in June 2026
FMPMonthlyReleased July 2026
Ireland Construction PMI fell to 45.4 in June 2026, released July 2026, down 4.8 from May's 50.2 reading. The reading missed the 49.5 consensus by 4.1. The print is running well below the 12-month average of 48.18. Over the past 3 months, Construction PMI averaged 48.65, vs 51.3 in the prior 3-month window. Construction PMI is now the lowest in 8 months.
Latest Release
45.4
Actual
49.5
Consensus
50.2
Previous
Median Absolute Error
±0.98
across last 12 releases
Last Call
Jul 2026
Predicted: 48.73
Actual: 45.4
Error: +3.33
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.48 | FOREX | Moves with | → View |
| EUR/USD | ▲ Direct | +0.38 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.37 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Construction PMI (Ireland) was reported at 45.40 in July 2026. This missed the market consensus of 49.50 by 4.10. The reading fell from the previous value of 50.20. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 47.57, ranging from 43.70 to 52.10 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 47.57, down from the prior three at 49.70. Volatility over the past year (σ 2.20) is higher than the prior year (σ 1.81). In July readings over the past 3 years, Construction PMI has averaged 47.17.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.98.
WHAT TO WATCH NEXT
The next release is scheduled for August 11, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Construction PMI - IE
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About Construction PMI — Ireland
DEFINITION
Construction PMI (Purchasing Managers' Index) is a leading economic indicator that measures the level of activity in the construction sector. It provides valuable insights into the health and growth of the construction industry by tracking changes in key factors such as new orders, employment, and business expectations. This data is used by businesses, investors, and policymakers to make informed decisions and assess the overall economic outlook. A high Construction PMI indicates a strong and expanding construction sector, while a low PMI suggests a slowdown in activity.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 (Jun 2026): actual 45.4, consensus 49.5. Prior reading (May 2026): 50.2. Before that (Apr 2026): 47.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.48) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - IE Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IE | Harmonised Inflation Rate YoY | 3.1 | 3.2 | 3.4 | 3.25 | Low |
| 10:00 | IE | Harmonised Inflation Rate MoM | 0 | 0.3 | 0.4 | 0.20 | Low |