Industry & Business

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

 Breaking News
  • Grand Canal Innovation District Planned For Dublin A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. [...]...
  • Heiton Buckley Unveils Newly Refurbished Mayo Branch Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo . GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked [...]...
  • Export Sales by Enterprise Ireland Client Companies Hit New Record Enterprise Ireland, the state agency responsible for helping Irish companies export to international markets, has announced that its clients recorded export sales of €22.71 billion in 2017, representing a 7 per cent increase on 2016. This is the highest level of export sales recorded in the history of the agency and the eighth-consecutive year of [...]...
  • BAM Wins €25 Million Contract to Build New Cheese Factory in Cork TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and [...]...
  • HBAN Scoops Major European Business Angel Network Award HBAN (Halo Business Angel Network), the all-island organisation responsible for the promotion of business angel investment, and a joint initiative of Enterprise Ireland and InterTradeIreland, was crowned Globally Networked Organisation 2018 at the recent EBAN (European Business Angel Network) Awards Ceremony held in Sofia, Bulgaria. HBAN was awarded the prominent European accolade in recognition of the significant [...]...

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 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4