Construction output in Italy climbed 32.6 percent year-on-year in May of 2021, easing from a revised record of 287.1 percent surge in the previous month. Italy was under restrictions due to Covid-19 in May of 2020, leading construction activity to drop by a 16.4 percent. On a seasonally adjusted monthly basis, construction activity fell 3.6 percent, after a revised 2.2 percent gain in April. Considering the first five months of the year, construction output advanced 45.4 percent. source: National Institute of Statistics (ISTAT)
Construction Output in Italy averaged 0.87 percent from 1996 until 2021, reaching an all time high of 287.10 percent in April of 2021 and a record low of -69.10 percent in April of 2020. This page provides - Italy Construction Output - actual values, historical data, forecast, chart, statistics, economic calendar and news. Italy Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
Construction Output in Italy is expected to be 10.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Italy to stand at 4.50 in 12 months time. In the long-term, the Italy Construction Output is projected to trend around 2.70 percent in 2022 and 2.00 percent in 2023, according to our econometric models.