Construction output in Italy fell 16.8 percent year-on-year in May of 2020, following an upwardly revised 68.9 percent slump in the previous month, which was the sharpest decline in construction activity on record. Considering the first five months of 2020, construction output tumbled 23.6 percent. On a monthly basis, construction activity soared 168 percent, after record falls seen in March (-35.5 percent) and April 2020 (-68.9 percent).
Construction Output in Italy averaged -0.59 percent from 1996 until 2020, reaching an all time high of 13.80 percent in January of 2007 and a record low of -67.80 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 August of 2020. source: National Institute of Statistics (ISTAT)
Construction Output in Italy is expected to be -12.00 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 37.60 in 12 months time. In the long-term, the Italy Construction Output is projected to trend around 5.60 percent in 2021 and 2.00 percent in 2022, according to our econometric models.