FX.co ★ Irish Construction Sectors Shrink the Least in 4 Months

In September 2025, the AIB Ireland Construction PMI registered a rise to 48.1, up from 45.9 in August, indicating the sixth consecutive month of contraction within the sector. Nevertheless, this latest figure suggested the mildest decline since June, buoyed by a near stabilization in new orders. Activity in housing and civil engineering continued to diminish, with residential projects experiencing the steepest decline in two and a half years. Conversely, commercial activity witnessed a slight uptick, marking its first improvement in three months. As workloads eased, companies reduced staffing levels, resulting in the first consecutive employment cuts since late 2022, and input purchases fell for the fourth successive month. Lead times extended significantly, yet did so at their slowest pace since May, largely due to elevated fuel costs. Regarding prices, input cost inflation accelerated, fueled by increasing fuel and raw material costs. Lastly, optimism reached a four-month peak, driven by expectations of heightened new orders.