The S&P Global Italy Construction PMI rose to 49.4 in May 2026, up from 44.8 in April, which was the lowest in over three and a half years. The latest reading points to the mildest decline in activity in three months and suggests conditions are nearing stabilization. Activity and new orders continued to fall but at the slowest pace since February. Weakness remained centered on housing and commercial construction, while civil engineering returned to growth. Firms cited subdued demand, uncertainty, and difficulty securing tenders as key drags on activity. Meanwhile, business confidence improved, with firms turning optimistic on the 12-month outlook amid expectations of new contracts. On the labor front, employment growth accelerated to its strongest since January despite lower subcontractor usage. Still, supply-chain delays and cost pressures linked to the Middle East conflict persisted, and input costs rose at the second-fastest rate since September 2022 despite easing from April. source: S&P Global

Construction PMI in Italy increased to 49.40 points in May from 44.80 points in April 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 increased to 49.40 points in May from 44.80 points in April 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 -0.20 0.80 percent Mar 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 Activity Contracts at Slower Pace
The S&P Global Italy Construction PMI rose to 49.4 in May 2026, up from 44.8 in April, which was the lowest in over three and a half years. The latest reading points to the mildest decline in activity in three months and suggests conditions are nearing stabilization. Activity and new orders continued to fall but at the slowest pace since February. Weakness remained centered on housing and commercial construction, while civil engineering returned to growth. Firms cited subdued demand, uncertainty, and difficulty securing tenders as key drags on activity. Meanwhile, business confidence improved, with firms turning optimistic on the 12-month outlook amid expectations of new contracts. On the labor front, employment growth accelerated to its strongest since January despite lower subcontractor usage. Still, supply-chain delays and cost pressures linked to the Middle East conflict persisted, and input costs rose at the second-fastest rate since September 2022 despite easing from April.
2026-06-04
Italy Construction PMI Contracts Most Since 2022
The S&P Global Italy Construction PMI fell to 44.8 in April 2026 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