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.

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Italy Construction PMI

Actual Previous Highest Lowest Dates Unit Frequency
50.50 49.80 55.90 4.80 2013 - 2020 points Monthly
SA

Italy Housing Last Previous Highest Lowest Unit
Construction Output 7.20 1.40 13.80 -68.90 percent [+]
Housing Index 99.80 102.50 120.70 97.70 points [+]
Home Ownership Rate 72.40 72.40 74.20 72.30 percent [+]
Construction PMI 50.50 49.80 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.