The IHS Markit Italy Construction PMI increased to 51.2 in September of 2020 from 50.6 in August, pointing to the fifth consecutive month of rising construction activity and the strongest in 3 months. The expansion was supported by a further rise in the volume of new orders, the quickest since October 2019, with respondents linking the uptick in both activity and new business to improved demand conditions. Nonetheless, Italian construction companies remained cautious with regards to hiring in September, as staffing levels fell for the third month running. Job shedding eased to only a mild pace, however, with panellists in some segments mentioning they had filled vacancies amid higher workloads. Looking ahead, Italian constructors signalled a higher degree of confidence regarding the 12-month outlook, amid improved demand conditions and, more widely, the government ecobonus scheme.

Construction Pmi in Italy averaged 47.56 points from 2013 until 2020, reaching an all time high of 55.90 points in October of 2018 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 - values, historical data and charts - was last updated on October of 2020. source: Markit Economics

Construction Pmi in Italy is expected to be 49.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Pmi in Italy to stand at 53.20 in 12 months time. In the long-term, the Italy Construction Pmi is projected to trend around 52.00 points in 2021 and 53.40 points in 2022, according to our econometric models.

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Italy Construction Pmi

Actual Previous Highest Lowest Dates Unit Frequency
51.20 50.60 55.90 4.80 2013 - 2020 points Monthly

Italy Housing Last Previous Highest Lowest Unit
Construction Output -1.10 -5.60 13.80 -68.90 percent [+]
Housing Index 102.50 99.40 120.70 97.70 points [+]
Home Ownership Rate 72.40 72.40 74.20 72.30 percent [+]
Construction Pmi 51.20 50.60 55.90 4.80 points [+]

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.