The IHS Markit Italy Construction PMI increased to 50.5 in December of 2020 from 49.8 in November, pointing to the first expansion in the construction sector in 3 months, mainly due to government tax relief schemes and a greater number of working sites. Output rose in both the housing and civil engineering sub-sectors. December data also highlighted sustained growth of order book volumes, extending the current sequence of increase to seven months, due to the government ecobonus scheme. Also, COVID-19 restrictions and subsequent material shortages continued to disrupt supply chains however, as average lead times for inputs lengthened markedly again. Input costs rose the most since February of 2019 due to shortages at suppliers and higher costs for raw materials. Finally, business confidence strengthened and was slightly higher than the historical series average, amid optimism with government tax relief schemes and hopes of a robust economic recovery. source: Markit Economics
Construction PMI in Italy averaged 47.63 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 January of 2021.
Construction PMI in Italy is expected to be 51.00 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 52.00 in 12 months time. In the long-term, the Italy Construction PMI is projected to trend around 52.00 points in 2022 and 53.40 points in 2023, according to our econometric models.