Italy's construction output surged 7.8 percent from a year earlier in February 2019, following a revised 0.3 percent decline in the previous month. It was the sharpest increase in construction output since January last year. On a seasonally adjusted monthly basis, construction activity grew 3.4 percent, the fourth straight month of gains and after rising 1.3 percent in January. Construction Output in Italy averaged -0.29 percent from 1996 until 2019, reaching an all time high of 13.70 percent in January of 2007 and a record low of -24.30 percent in February of 2012.
Construction Output in Italy is expected to be 0.20 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 1.20 in 12 months time. In the long-term, the Italy Construction Output is projected to trend around 1.70 percent in 2020, according to our econometric models.