Investor Presentaiton
Inflation clear in construction sector
Increased material costs obvious but wages haven't expanded rapidly yet
Materials up 20.6% year-on-year in July - may start to slow
new development
Latest earnings data in construction show wage inflation
jumped above the rest of the economy but series is volatile
25
20
8
6
4
15
2
di
10
do 0
-2
ம
-4
-6
I
2016
2017
2018
2019 2020 2021 2022
-8
I
I
I
|
|
2010
2012
- Industrial Price Index (materials and wages, y-o-y %)
All building materials (y-o-y %)
2014 2016 2018
2020
2022
-
All NACE Economic Sectors
Construction
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
Source: CSO
RHS = weekly earnings on a 4Q yearly growth rate
Source: CSO
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