The S&P Global Italy Construction PMI edged higher to 48.9 in February of 2023 from 48.2 in the previous month, but remained in the contraction territory for the third consecutive month. New orders in the sector fell for the third straight period, with respondents noting uncertainty around the future of the country’s superbonus tax scheme, which gives incentives and tax breaks on construction and rehabilitation activity deemed sustainable. Activity was down in every broad category, with civil engineering posting its first decline in four months to join the negative momentum for commercial and residential construction. On a positive note, employment continued to grow at a solid pace, while the pullback in demand eased pressure on supply chain bottlenecks and softened the rate of inflation. Looking forward, the end of the superbonus scheme hurt confidence in the sector. source: Markit Economics
Construction PMI in Italy averaged 49.38 points from 2013 until 2023, reaching an all time high of 68.50 points in February of 2022 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 - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.
Construction PMI in Italy is expected to be 49.60 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 52.00 points in 2024 and 52.20 points in 2025, according to our econometric models.