The S&P Global Italy Construction PMI fell to 50.4 in June of 2022 from 54.3 in the prior month, marking the slowest pace of growth in its 17-month sequence. Inflows of new work dropped for the first time since May of 2020, as uncertain economic conditions weighed on client confidence and demand. Construction dropped for civil engineering activity, while residential construction stagnated and the commercial activity was marginally higher. Still, companies increased their buying activity and employment intake. On the price front, input inflation eased to a 16-month low, but was still substantial in comparison to historical data with panelists citing higher prices for energy, fuel, raw materials, and higher subcontractor pay. Looking forward, business sentiment was the lowest since November of 2020, pressured by concerns around the economic outlook, the war in Ukraine, and tax credit issues. source: Markit Economics
Construction PMI in Italy averaged 49.53 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 July 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.