The IHS Markit Italy Construction PMI rose to 56.3 in March of 2021 from 54.8 in the previous month. The latest figure pointed to the quickest growth of Italian construction activity since January 2007, driven by the fastest upturn in new work for almost two decades. However, ongoing supply disruptions led to the fastest increase in costs on record. Housing activity saw the fastest expansion, with output rising at the steepest pace on record (since 1999), followed by commercial activity. Meanwhile, civil engineering activity returned to growth following two months of decline, but the upturn was only fractional overall. Looking ahead, sentiment moderated from February’s recent peak, but was still historically elevated. source: Markit Economics
Construction PMI in Italy averaged 47.81 points from 2013 until 2021, reaching an all time high of 56.30 points in March of 2021 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 April of 2021.
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. Looking forward, we estimate Construction PMI in Italy to stand at 52.70 in 12 months time. In the long-term, the Italy Construction PMI is projected to trend around 53.80 points in 2022 and 53.40 points in 2023, according to our econometric models.