The S&P Global Italy Construction PMI fell to 46.2 in July of 2022 from 50.4 in the prior month, marking the construction sector’s first contraction since January of 2021. Inflows of new work declined for the second consecutive month, as heightened economic uncertainty, issues surrounding Italy’s superbonus tax scheme, and site closures weighed on client demand. Construction dropped the most for civil engineering, and activity in residential construction recorded its first contraction since May of 2020. Due to the decrease in new business intake, constructors eased input buying levels for the first time in 18 months and stalled job creation for the first time in 17 months. On the price front, greater prices for energy, material, fuel, and transportation carried input cost inflation, although at the slowest pace in 17 months. Looking forward, economic uncertainty and political instability pressured business confidence in the sector to its lowest since April 2020. source: Markit Economics
Construction PMI in Italy averaged 49.50 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 August of 2022.
Construction PMI in Italy is expected to be 54.00 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 53.80 points in 2023 and 53.40 points in 2024, according to our econometric models.