The IHS Markit Italy Construction PMI fell to 48.7 in January of 2021 from 50.5 in the previous month. The latest reading signaled a renewed fall in Italian construction activity but a much slower pace than last spring. According to respondents, COVID-19 restrictions had constricted demand and stalled work authorizations. Order book growth stalled, following a seven-month-long upturn, while cost pressures intensified to a nearly nine-year high. Subsequently, firms pared back on purchases at an increased pace during January. Finally, business confidence climbed to the highest since March 2011, with optimism linked to ongoing government tax relief schemes. source: Markit Economics

Construction PMI in Italy averaged 47.64 points from 2013 until 2021, reaching an all time high of 55.90 points in October of 2018 and a record low of 4.80 points in April of 2020. This page provides - Italy Construction Pmi- actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Construction PMI - values, historical data and charts - was last updated on February of 2021.

Construction PMI in Italy is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction PMI in Italy to stand at 52.00 in 12 months time. In the long-term, the Italy Construction PMI is projected to trend around 52.00 points in 2022 and 53.40 points in 2023, according to our econometric models.

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Italy Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
48.70 50.50 55.90 4.80 2013 - 2021 points Monthly
SA

Italy Housing Last Previous Highest Lowest Unit
Construction Output -1.50 7.90 13.80 -69.00 percent [+]
Housing Index 99.80 102.50 120.70 97.70 points [+]
Home Ownership Rate 72.40 72.40 74.20 72.30 percent [+]
Construction PMI 48.70 50.50 55.90 4.80 points [+]


Italy Construction PMI
Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report' shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion' index. This index is the sum of the positive responses plus a half of those responding ‘the same'. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease.