Italy's construction PMI rose to 58.6 in October from 56.6 in September of 2021, pointing to the ninth straight month of expansion in the sector and at one of the fastest rates in the series. Growth was broad-based across sub-sectors, led by a near-record performance in residential, followed by commercial activity and civil engineering. Main upward pressure came from a near-record rise in new work, driven by strong client demand and government tax relief schemes, while staffing levels expanded at the fastest pace in over two decades. However, intense supply disruptions, primarily material shortages, were behind one of the lengthiest supply delivery times on record and an unprecedented hike in input costs. Looking ahead, confidence levels among construction firms moderated to the lowest level since December 2020 but remained upbeat overall, backed by the current tax relief schemes and strong sales prospects. source: Markit Economics
Construction PMI in Italy averaged 48.46 points from 2013 until 2021, reaching an all time high of 65.20 points in August of 2021 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. Italy Construction PMI - values, historical data and charts - was last updated on November of 2021.
Construction PMI in Italy is expected to be 53.40 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 53.80 points in 2022 and 53.40 points in 2023, according to our econometric models.