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.

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Italy Construction PMI



Related Last Previous Unit Reference
Construction PMI 48.90 48.20 points Feb 2023

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.
Actual Previous Highest Lowest Dates Unit Frequency
48.90 48.20 68.50 4.80 2013 - 2023 points Monthly
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News Stream
Italian Construction Activity Contracts for 3rd Month
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.
2023-03-06
Italy Construction Activity Improves, But Remains in Contraction
The S&P Global Italy Construction PMI increased to 48.2 in January 2023 from 47.0 in December. Commercial and housing activity declined at a softer pace while civil engineering continued to grow. At the aggregate level, construction activity and new orders contracted further due to weak demand. Employment, meanwhile, increased in January. On the price front, input inflation has risen to the lowest extent since the end of 2020. Still, Italian firms noted that prices paid for raw materials remained elevated. Finally, business sentiment bounced to an eight-month high amid hopes of reducing purchase prices.
2023-02-06
Italy Construction Sector Contracts Again in December
The S&P Global Italy Construction PMI fell to 47 in December in 2022 from 52 in November, pointing to a renewed contraction in activity across the sector, and one that was solid overall. At the sector level, renewed contractions were recorded across both residential and commercial, with rates of decline sharp in both cases. Meanwhile, civil engineering activity levels were broadly stagnant on the month, but was nonetheless the best performing sector of the three monitored. The downturn was driven by a renewed - and sharp - decline in new orders, linked in turn to weak client demand, a lack of new tender opportunities and uncertainty around the government superbonus scheme. Subsequently, the final month of 2022 saw input buying decline sharply, while business confidence slumped to a three-month low.
2023-01-05