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.

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Italy Construction PMI



Related Last Previous Unit Reference
Construction PMI 50.40 54.30 points Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
50.40 54.30 68.50 4.80 2013 - 2022 points Monthly
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News Stream
Italy Construction PMI at 17-Month Low
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.
2022-07-06
Italy Construction PMI at 16-Month Low
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.
2022-06-07
Italy Construction PMI at 6-Month Low
The S&P Global Italy Construction PMI fell to 59 in April of 2022 from 62.9 in the prior month, the slowest rate of expansion in the sector since last October, as the civil engineering sector suffered its first contraction in nine months, while the housing and commercial sectors expanded at softer rates. Order books revealed new work volumes rose for the fifteenth straight month, as government tax breaks continued to support demand, but it was the lowest increase in twelve months. In turn, constructors increased buying levels, while supplier delivery delays eased from March. Meanwhile, employment went up and so did the use of subcontractors. On the price front, input cost inflation remained one of the steepest in the survey’s history, on higher energy and material costs. March data also pointed to sustained growth in employment. Looking forward, business confidence moderated to the lowest level since December 2020, mostly due to the war in Ukraine.
2022-05-05