The S&P Global Italy Construction PMI fell to 44.8 in April 2028 from 46.8 in the previous month, marking the sharpest contraction since August 2022. The downturn was broad-based across all three sub-sectors, led by a steep decline in civil engineering activity, while housing and commercial construction also fell at similar rates. New orders recorded their strongest drop since August 2024, with uncertainty linked to the Middle East conflict prompting clients to delay projects amid concerns over elevated price pressures. Moreover, supply chain disruptions from the Middle East conflict led to a marked lengthening in lead times. Meanwhile, constructors continued to report job creation, although the pace of hiring was the weakest so far this year. On the price front, cost inflation rose to a four-year high, driven by higher energy, fuel, transport, and raw material costs. Looking ahead, expectations for the next twelve months remained muted, with sentiment slightly pessimistic overall. source: S&P Global

Construction PMI in Italy decreased to 44.80 points in April from 46.80 points in March of 2026. Construction PMI in Italy averaged 49.31 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 decreased to 44.80 points in April from 46.80 points in March of 2026. Construction PMI in Italy is expected to be 42.00 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 1.40 -0.40 percent Feb 2026
Home Ownership Rate 77.10 75.90 percent Dec 2025
House Price Index YoY 4.10 3.70 percent Dec 2025
Housing Index 118.10 117.00 points Dec 2025
Price to Rent Ratio 103.54 103.28 Dec 2025
Residential Property Prices 4.05 3.81 Percent Dec 2025


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 PMI Contracts Most Since 2022
The S&P Global Italy Construction PMI fell to 44.8 in April 2028 from 46.8 in the previous month, marking the sharpest contraction since August 2022. The downturn was broad-based across all three sub-sectors, led by a steep decline in civil engineering activity, while housing and commercial construction also fell at similar rates. New orders recorded their strongest drop since August 2024, with uncertainty linked to the Middle East conflict prompting clients to delay projects amid concerns over elevated price pressures. Moreover, supply chain disruptions from the Middle East conflict led to a marked lengthening in lead times. Meanwhile, constructors continued to report job creation, although the pace of hiring was the weakest so far this year. On the price front, cost inflation rose to a four-year high, driven by higher energy, fuel, transport, and raw material costs. Looking ahead, expectations for the next twelve months remained muted, with sentiment slightly pessimistic overall.
2026-05-07
Italy Construction PMI Falls Back into Contraction
The S&P Global Italy Construction PMI fell to 46.8 in March 2026 from 50.4 in February, signaling a renewed contraction and the sharpest decline since August 2024. Activity dropped across residential, commercial, and civil engineering segments, pointing to a broad-based slowdown. The decline was driven by weaker demand and a renewed fall in new orders, reversing February’s brief rebound, while firms reduced purchasing in response to lower workloads. Supply chains remained strained, with delivery times lengthening amid disruptions linked to the Middle East conflict. Cost pressures intensified, with input price inflation rising to its highest level since October 2022, driven by higher energy and material costs. Despite the weaker environment, employment continued to grow modestly as firms worked through existing projects. Looking ahead, sentiment turned negative for the first time in over three years as firms grew more cautious about the outlook.
2026-04-08
Italian Construction PMI Returns to Growth in February
The HCOB Italy Construction PMI rose to 50.4 in February 2026 from 47.7 in January, signaling a renewed expansion in construction activity after three months of contraction. Output growth was modest but marked the first increase since October, supported by improved order books and the launch of new building sites. Residential and commercial construction both recovered from earlier declines, with housing activity rising at the fastest pace in over a year and commercial building reaching an 11-month high, while civil engineering remained in contraction. New orders rose for the first time in four months and at the strongest pace since mid-2025, while employment continued to rise, extending a year-and-a-half stretch of job creation. On prices, input cost inflation accelerated for a fifth straight month to the highest level in over three years, largely due to rising raw material prices. Firms’ outlook for the next 12 months improved slightly but remained subdued by historical standards.
2026-03-05