Construction output in Italy fell 1.3 percent year-on-year in December of 2018, following a revised 0.5 percent rise in November. It is the biggest annual decline in construction output in nine months. On a monthly basis, construction output edged up 0.2 percent. Considering full 2018, construction rose 0.9 percent. Construction Output in Italy averaged -0.32 percent from 1996 until 2018, 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.
Construction Output in Italy is expected to be 2.40 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 1.90 in 12 months time. In the long-term, the Italy Construction Output is projected to trend around 2.20 percent in 2020, according to our econometric models.