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.