Construction PMI in Italy decreased to 41.20 points in August from 46.20 points in July of 2022. source: Markit Economics

Construction PMI in Italy averaged 49.43 points from 2013 until 2022, reaching an all time high of 68.50 points in February of 2022 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2022.

Construction PMI in Italy is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Construction PMI is projected to trend around 53.80 points in 2023 and 53.40 points in 2024, according to our econometric models.

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Italy Construction PMI

Related Last Previous Unit Reference
Construction PMI 41.20 46.20 points Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
41.20 46.20 68.50 4.80 2013 - 2022 points Monthly

News Stream
Italian Construction Activity Contracts
The S&P Global Italy Construction PMI fell to 46.2 in July of 2022 from 50.4 in the prior month, marking the construction sector’s first contraction since January of 2021. Inflows of new work declined for the second consecutive month, as heightened economic uncertainty, issues surrounding Italy’s superbonus tax scheme, and site closures weighed on client demand. Construction dropped the most for civil engineering, and activity in residential construction recorded its first contraction since May of 2020. Due to the decrease in new business intake, constructors eased input buying levels for the first time in 18 months and stalled job creation for the first time in 17 months. On the price front, greater prices for energy, material, fuel, and transportation carried input cost inflation, although at the slowest pace in 17 months. Looking forward, economic uncertainty and political instability pressured business confidence in the sector to its lowest since April 2020.
Italy Construction PMI at 17-Month Low
The S&P Global Italy Construction PMI fell to 50.4 in June of 2022 from 54.3 in the prior month, marking the slowest pace of growth in its 17-month sequence. Inflows of new work dropped for the first time since May of 2020, as uncertain economic conditions weighed on client confidence and demand. Construction dropped for civil engineering activity, while residential construction stagnated and the commercial activity was marginally higher. Still, companies increased their buying activity and employment intake. On the price front, input inflation eased to a 16-month low, but was still substantial in comparison to historical data with panelists citing higher prices for energy, fuel, raw materials, and higher subcontractor pay. Looking forward, business sentiment was the lowest since November of 2020, pressured by concerns around the economic outlook, the war in Ukraine, and tax credit issues.
Italy Construction PMI at 16-Month Low
The S&P Global Italy Construction PMI fell to 54.3 in May of 2022 from 59 in the prior month, marking the 16th consecutive month of growth, albeit the slowest in the current sequence. The deceleration in expansion was marked by a slowdown in the rise of new work inflows, particularly for the heavyweight residential construction. Similarly, activity growth slowed for commercial construction, while civil engineering was seen lower. Still, constructors expanded staffing levels during May, although at the lowest pace since February of 2021. Material shortages were widespread across the sector, bringing significant inflationary pressure amid the war in Ukraine. Looking forward, continued material shortages and concerns regarding the war worsened the outlook for construction activity, pressuring business sentiment to its lowest in 17 months.