The S&P Global Italy Construction PMI rose to 46.5 in September 2026, picking up from a four-year low of 41.7 in the previous month. The improvement was driven by a less marked decline in new construction orders, while employment also recorded a modest increase. Meanwhile, lead times continued to lengthen, reflecting the impact of the war in the Middle East, with logistical and transport disruptions and stock shortages weighing on supply-chain performance. On the price front, input-cost inflation accelerated to a four-month high, driven by higher outlays for raw materials, fuel, transport and energy. Among subsectors, all remained in contraction, with the steepest decline recorded in housing, while commercial construction signaled only a slight contraction. Looking ahead, Italian construction companies remained optimistic about output over the next 12 months, although confidence stayed below its long-run average. source: S&P Global

Construction PMI in Italy increased to 46.50 points in September from 41.70 points in August of 2026. Construction PMI in Italy averaged 49.22 points from 2013 until 2026, reaching an all time high of 68.50 points in February of 2022 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.

Construction PMI in Italy increased to 46.50 points in September from 41.70 points in August of 2026. Construction PMI in Italy is expected to be 43.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Construction PMI is projected to trend around 51.00 points in 2027 and 52.80 points in 2028, according to our econometric models.



Related Last Previous Unit Reference
Construction Output YoY -1.20 0.60 percent Jul 2026
Home Ownership Rate 77.10 75.90 percent Dec 2025
House Price Index YoY 4.00 5.10 percent Jun 2026
Housing Index 121.00 119.10 points Jun 2026
Price to Rent Ratio 103.53 103.20 points Dec 2025
Residential Property Prices 3.99 5.13 Percent Jun 2026


Italy Construction PMI
Survey responses reflect the change, if any, in the current month compared to the previous month based on data collected mid-month. For each of the indicators the ‘Report' shows the percentage reporting each response, the net difference between the number of higher/better responses and lower/worse responses, and the ‘diffusion' index. This index is the sum of the positive responses plus a half of those responding ‘the same'. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change. An index reading above 50 indicates an overall increase in that variable, below 50 an overall decrease. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.

News Stream
Italy Construction Downturn Eases in September
The S&P Global Italy Construction PMI rose to 46.5 in September 2026, picking up from a four-year low of 41.7 in the previous month. The improvement was driven by a less marked decline in new construction orders, while employment also recorded a modest increase. Meanwhile, lead times continued to lengthen, reflecting the impact of the war in the Middle East, with logistical and transport disruptions and stock shortages weighing on supply-chain performance. On the price front, input-cost inflation accelerated to a four-month high, driven by higher outlays for raw materials, fuel, transport and energy. Among subsectors, all remained in contraction, with the steepest decline recorded in housing, while commercial construction signaled only a slight contraction. Looking ahead, Italian construction companies remained optimistic about output over the next 12 months, although confidence stayed below its long-run average.
2026-10-06
Italy Construction Activity Falls to 4-Year Low
The S&P Global Italy Construction PMI fell to 41.7 in August 2026 from 49.1 in the previous month, marking its fastest fall since August 2022, as construction activity declined sharply amid a solid drop in new work. The downturn was concentrated in housing and commercial construction, while civil engineering activity fell only modestly. New orders declined for the fifth time in six months, with firms citing weaker demand, geopolitical uncertainty, permit delays, staff shortages, and the end of the National Recovery and Resilience Plan (PNRR). Purchasing activity fell at its fastest pace in over three and a half years, while supply-chain pressures intensified. Meanwhile, cost inflation eased to its softest pace since the start of the year. Employment continued to rise slightly, but subcontractor use fell sharply. Business confidence returned to positive territory, supported by strong order pipelines, though concerns over the PNRR's end and weaker investment persisted.
2026-09-04
Italy Construction Downturn Eases in July
The S&P Global Italy Construction PMI rose to 49.1 in July 2026 from 45.4 in June, signaling a softer contraction in construction activity, though the sector remained in decline for a fifth consecutive month. The slowdown in the downturn reflected renewed growth in commercial building activity, while declines in housing and civil engineering eased. New orders increased for the first time in five months, supported by improving customer interest and successful bids, prompting a modest rebound in employment after June's decline. Meanwhile, purchasing activity continued to fall as lower output reduced input requirements. On the price front, input cost inflation eased to its weakest level since February, although firms continued to face higher raw material, oil, and energy costs amid the Middle East conflict. Business confidence, however, remained subdued, with firms citing geopolitical uncertainty and the end of construction incentives as key risks to activity over the coming year.
2026-08-06