The IHS Markit Italy Construction PMI rose to 58.3 in May of 2021 from 57.6 in April, signaling a fourth straight monthly increase and the fastest growth rate since January 2007, amid the strongest improvement in demand conditions for over two decades. Worsening supply disruption fed through to prices, however, as the rate of cost inflation hit a fresh series peak. The upturn remained broad-based across the three monitored sub-sectors and was again led by the residential segment which saw a record rate of increase in May, followed by commercial. Looking ahead, the level of positive sentiment was the strongest since August 2001. source: Markit Economics
Construction PMI in Italy averaged 48.02 points from 2013 until 2021, reaching an all time high of 58.30 points in May of 2021 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 June of 2021.
Construction PMI in Italy is expected to be 54.00 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 52.70 in 12 months time. In the long-term, the Italy Construction PMI is projected to trend around 53.80 points in 2022 and 53.40 points in 2023, according to our econometric models.