Italy's construction output declined 3.4 percent over a year ago in November 2019, after increasing 2.7 percent in the previous month. It was the sharpest downturn in construction activity since March 2018. On a seasonally adjusted monthly basis, construction output slumped 4 percent, after increasing 0.2 percent in the previous month. Construction Output in Italy averaged -0.22 percent from 1996 until 2019, reaching an all time high of 13.70 percent in January of 2007 and a record low of -24.30 percent in February of 2012. source: National Institute of Statistics (ISTAT)
Construction Output in Italy is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Italy to stand at 1.60 in 12 months time. In the long-term, the Italy Construction Output is projected to trend around 1.70 percent in 2020, according to our econometric models.