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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Construction PMI fell to 50.7 in August 2026
FMPMonthlyReleased September 2026
Ireland Construction PMI fell to 50.7 in August 2026, released September 2026, down 2.3 from July's 53 reading. The reading matched the 52.6 consensus. Year-over-year, the indicator is up 4.8. Over the past 3 months, Construction PMI averaged 49.2, vs 50.17 in the prior 3-month window. The reading is in the 75th percentile of the trailing 24-month range.
Latest Release
50.7
Actual
52.6
Consensus
53
Previous
Median Absolute Error
±1.85
across last 12 releases
Last Call
Sep 2026
Predicted: 53.33
Actual: 50.7
Error: +2.63
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 | +0.41 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.39 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.28 | FOREX | 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 50.70 in September 2026. This missed the market consensus of 52.60 by 1.90. The reading fell from the previous value of 53.00. Trailing 12-month context per ETL data through September 2026. Over the past 12 months, the indicator has averaged 48.55, ranging from 43.70 to 53.00 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 49.70, down from the prior three at 49.80. Volatility over the past year (σ 2.68) is higher than the prior year (σ 2.34). In September readings over the past 3 years, Construction PMI has averaged 47.88.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 12 releases, the Sigmacast model's median absolute error is 1.85.
WHAT TO WATCH NEXT
The next release is scheduled for October 13, 2026.
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 50.7, consensus 52.6. Prior reading (Jul 2026): 53. Before that (Jun 2026): 45.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 tailwind in the current projection. This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.41) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - IE Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | IE | Residential Property Prices YoY | 5.5 | 5.6 | 5.4 | 5.45 | Low |
| 10:00 | IE | Residential Property Prices MoM | 0.8 | 0.6 | 0.6 | 0.70 | Low |
| 10:00 | IE | Balance of Trade | 5.3 | 3.8 | 6.4 | 5.85 | Low |