Italy Construction Output Growth Slows to 10-Month Low

Construction output in Italy rose 3.2% year-on-year in November 2025, easing from an upwardly revised eighteen-month high of 7.3% in the previous month, and marking the slowest pace since January. On a seasonally adjusted monthly basis, output slipped 1.2% in November, after a revised 2.3% gain in October, which had marked a six-month high. Over the January-November 2025 period, construction activity expanded 4.8% compared with the same period in 2024.

Construction output in Italy rose 3.4% year-on-year in October 2025, the slowest pace since January, following an upwardly revised 5.0% increase in the previous month. On a seasonally adjusted monthly basis, output slipped 0.1% in October, after a revised 1.3% gain in the previous month. Cumulatively, construction activity expanded 4.5% over the first ten months of 2025 compared with the same period in 2024.

Construction output in Italy increased by 4.4% year-on-year in September 2025, accelerating from a downwardly revised 3.5% rise in the previous month and marking the ninth consecutive month of growth. On a seasonally adjusted monthly basis, output grew by 0.9% in September, rebounding from an upwardly revised 2.0% decline in the preceding month. Over the first nine months of the year, construction activity rose by 4.7% compared to the same period last year.