Industry & Business

Over €1.4bn worth of construction projects moved on-site in Q1 2017

 Breaking News
  • Microsoft’s New Irish Wind Energy Agreement The national body charged with helping Ireland to transition to a low-carbon economy has welcomed a new agreement by Microsoft to become one of the first multinational technology companies to support a new wind project in Ireland. Microsoft Corp. has announced a 15-year power purchase agreement (PPA) with GE to purchase 100 percent of the [...]...
  • Review of Energy Supplier Costs The Commission for Regulation of Utilities (CRU) has published its analysis on supplier costs in the electricity and gas retail markets in Ireland. This follows the review of how the energy retail market competition has evolved following full price deregulation of electricity and gas retail tariffs that was published in February 2017. CRU reviews the retail [...]...
  • Combilift Signs $1 Million Contract in Australia Combilift, the Irish manufacturer of multi-directional forklifts based in Monaghan, has signed a contract with Civmec, an Australian construction and engineering company that is worth an additional $1 million to the Irish company. Civmec is an integrated, multi-disciplined construction and engineering services provider to the oil and gas, metals and minerals, infrastructure and defence markets [...]...
  • Irish Women More Likely to Have a Third-level Qualification Than Men The Central Statistics Office has published ‘Women and Men in Ireland 2016′ which presents over 70 indicators that identify important gender differences in the activities of men and women and also presents the situation in Ireland in an international context. Statistician Helen Cahill comments: “More girls than boys sat higher level papers in the Leaving Certificate [...]...
  • The Future is FeMale An international study of global attitudes towards gender biases and roles has revealed that almost half of both men and women believe the world would be a better place if more women held positions of power. However, the study, carried out by Havas Creative in partnership with Market Probe International, revealed that globally, only 24% [...]...

Over €1.4bn worth of construction projects moved on-site in Q1 2017

Over €1.4bn worth of construction projects moved on-site in Q1 2017
May 17
12:06 2017

Construction Information Services (CIS) have just published their Q1 2017 Construction Market Review which provides an analysis of activity in the construction sector for the first quarter of 2017 and a comparative analysis against the corresponding period in 2016.

Key Stats

Over €1.4 billion worth of projects moved on-site in Q1 2017

Value of projects on-site is down 30% compared to Q1 2016

1,200 projects granted planning in Q1 2017

Volume of projects at plans submitted stage remains relatively static

All Ireland ‘On-Site’ Construction Activity
The volume of major projects moving to on-site stage is relatively static at 584. However, the value of projects moving on site in Q1 2017 is down 30% to over €1.4 billion on Q1 2016 levels.

Much of this decrease in value can be attributed to the two major road schemes (totaling €675m) which started on-site in Q1 2016. If we delve deeper, we see that Residential is the largest sector for the period with 23% market share, followed by Commercial, Industrial and Hotel & Catering.

All regions have experienced a drop in the value of projects onsite with the exception of Connacht. Dublin has the largest share of the market at 37%, with Leinster at 26% and Munster at 20%

All Ireland ‘Plans Granted’ Construction Activity
The value of plans granted in Q1 2017 has fallen by 16% when compared to the same period last year. All sectors have experienced a drop in values with the exception of Civil & Utilities, and Hotel &Catering. Similarly all regions have experienced a drop off inactivity apart from Connacht which has shown a 77% increase in value, which is off a low base.

The volume of projects granted planning has also fallen with only 1,207 projects granted in the period, down from 1,449 in Q1 2016. Much of the reduction can be explained by Agricultural projects where only 313 projects were granted planning in Q1 2017, as compared with 561 in Q1 2016.

All Ireland ‘Plans Submitted’ Construction Activity
The number of projects submitted for planning has fallen slightly from Q1 2016 levels, from 1,692 to 1,682. The value of projects has also fallen by 29% in the period, with only Hotel &Catering, Industrial and Community & Sport showing positive growth. On a regional basis only Leinster and Connacht are in positive territory for the quarter.

About Author

editor

editor

Related Articles






New Subscriber





Subscribe Here



Advertisements
































National Manufacturing Conference & Exhibition 2016

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4