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Articles

Increasing Construction Activities in Ireland

Written by: Editor

Companies operating in the construction sector in Ireland reported a strong increase on the orders they have received at the level of November 2017. This had a positive effect on the employment in this sector. Investors who are interested in Irish company formation in the construction industry should take into consideration that the increase was also reported for residential construction projects, which had the highest rate of development since June 2017. Our team of specialists in company formation in Ireland can advise on the procedures imposed when registering a construction company, as well as on the business permits that are necessary for this business activity. 
 

The Irish construction sector in November 2017 

 
At the level of November 2017, the Construction Purchasing Managers’s index reached 56,7 - from the previous value of 54,5 (in October 2017). Businessmen who want to open a company in Ireland should know that the index measures the economic development of the sector and takes into account the number of orders performed in the construction sector, as well as employment aspects
 
Another sub-sector that performed well during the month of November is the commercial construction activity. Due to the proper economic conditions and the rise in the level of orders, local companies increased the number of jobs to meet the deadlines with their commercial partners and thus, the employment increased sharply throughout this month. Our team of agents in company formation in Ireland can provide in-depth advice on the Irish employment law
 

Construction activity in Ireland  

The business sentiment expressed by companies operating in the construction sector is positive for the following 12 months and more than 50% of the construction businesses are expecting to increase their activities in the next year.
 
The value of the home sales increased at the level of November, from the previous number of dwellings of 638, to 656. At the same time, the number of available homes for sale increased to 3.250 dwellings (compared to 3.027, in October 2017). 
 
Businessmen may contact our team of consultants in company registration in Ireland for more details on the regulations referring to the construction sector
 
 

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