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 July 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.

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Italy Construction PMI



Related Last Previous Unit Reference
Construction PMI 54.30 59.00 points May 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
54.30 59.00 68.50 4.80 2013 - 2022 points Monthly
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News Stream
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
Italy Construction PMI Eases from Record-High
The S&P Global Italy Construction PMI fell to 62.9 in March of 2022 from the series-high of 68.5 in the prior month. Still, the reading pointed to the 14th consecutive monthly expansion in the construction sector, as inflows of new work rose at a near-record level, largely due to continued government tax breaks. Residential construction topped the growth rankings, with steep increases also seen in commercial activity and civil engineering. Consequently, constructors increased buying levels, linked with efforts to build stocks amid projections of higher inflation and supply problems in the future. On the price front, input costs rose steeply amid surging energy, material, and transportation fees, largely due to the effects of the war in Ukraine. March data also pointed to sustained growth in employment. Looking forward, business confidence moderated for Italian constructors due to fears of supply issues and higher costs.
2022-04-06