The IHS Markit Italy Construction PMI rose to 51.6 in June of 2020 from 51 in the previous month. The latest reading pointed to the second straight month of growth in the country's construction sector which was the quickest since April of 2019, following an easing of restrictions related to the coronavirus pandemic. The upturn was led by greater commercial and housing activity while civil engineering decreased further. There was a renewed increase in new orders at the fastest pace in eight months and the rate of job creation, despite marginal, was the strongest in seven months. On the price front, the rate of increase in operating expenses was the sharpest since February, mainly attributed to higher raw material costs. Finally, optimism towards the 12-month outlook for activity hit its highest for just over a year, with many firms anticipating client demand to expand further.
Construction Pmi in Italy averaged 47.44 points from 2013 until 2020, 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 July of 2020. source: Markit Economics
Construction Pmi in Italy is expected to be 46.00 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 54.00 in 12 months time. In the long-term, the Italy Construction Pmi is projected to trend around 52.00 points in 2021 and 53.40 points in 2022, according to our econometric models.