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.