The S&P Global Italy Construction PMI fell to 54.3 in May of 2022 from 59 in the prior month, marking the 16th consecutive month of growth, albeit the slowest in the current sequence. The deceleration in expansion was marked by a slowdown in the rise of new work inflows, particularly for the heavyweight residential construction. Similarly, activity growth slowed for commercial construction, while civil engineering was seen lower. Still, constructors expanded staffing levels during May, although at the lowest pace since February of 2021. Material shortages were widespread across the sector, bringing significant inflationary pressure amid the war in Ukraine. Looking forward, continued material shortages and concerns regarding the war worsened the outlook for construction activity, pressuring business sentiment to its lowest in 17 months. source: Markit Economics
Construction PMI in Italy averaged 49.52 points from 2013 until 2022, 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. Italy Construction PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.
Construction PMI in Italy is expected to be 53.20 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 2023 and 53.40 points in 2024, according to our econometric models.