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. source: S&P Global

Construction PMI in Italy decreased to 41.70 points in August from 49.10 points in July of 2026. Construction PMI in Italy averaged 49.24 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 41.70 points in August from 49.10 points in July of 2026. Construction PMI in Italy is expected to be 44.00 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 2.90 3.20 percent May 2026
Home Ownership Rate 77.10 75.90 percent Dec 2025
House Price Index YoY 5.20 4.00 percent Mar 2026
Housing Index 119.20 118.00 points Mar 2026
Price to Rent Ratio 103.54 103.28 Dec 2025
Residential Property Prices 5.23 3.99 Percent Mar 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 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
Italy Construction Downturn Deepens in June
The S&P Global Italy Construction PMI fell to 45.4 in June 2026 from 49.4 in May, signaling a sharper contraction in construction activity after conditions had shown signs of stabilizing in the previous month. Output and new orders both declined at faster rates, reflecting weaker demand, delivery delays, and fewer working hours due to extreme heat. Activity fell across all sectors, with civil engineering posting the steepest decline in 16 months, while commercial construction recorded the mildest contraction. Employment also decreased for the first time in 22 months and at the fastest pace in over six years as firms reduced headcount following project completions and weaker workloads. On the price front, input cost inflation eased to a four-month low but remained elevated due to higher raw material and oil prices linked to the Middle East conflict. Lastly, business confidence weakened amid uncertainty surrounding the National Recovery and Resilience Plan (PNRR) deadline.
2026-07-06