Italy's construction PMI fell to 56.6 in September from an historic 65.2 in August of 2021, pointing to the eighth straight month of expansion in the sector, although momentum eased markedly since August. On a quarterly basis, the figure averaged at 59.2 during the three months ending September, a level not seen since the first quarter of 2001. New orders eased slightly from August's peak, driven mostly by strong client demand and government tax relief schemes, while staffing levels expanded at the fastest pace since early 2002. However, intense supply disruptions, namely material shortages-related lengthening of supply lead times, weighed down on sentiment. Looking ahead, confidence levels among construction firms edged up, backed by hopes of a sustained economic recovery, ongoing tax relief schemes, and strong demand. source: Markit Economics
Construction PMI in Italy averaged 48.46 points from 2013 until 2021, reaching an all time high of 65.20 points in August 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 October of 2021.
Construction PMI in Italy is expected to be 53.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.