The HCOB Italy Construction PMI fell to 48 in July 2023 from 48.6 in June, logging an eighth period in contraction. Although new orders rose for the second month amid higher client interest, firms developed a circumspect approach and reduced their purchasing marginally for an eighth month. On the sectoral level, both civil engineering and commercial work deepened their declines, while housing activity fell at the softest pace since the beginning of the year. Companies chose to add workers, but the growth was sustained. On prices, input inflation decelerated to the levels last seen in mid-2020. Lastly, business confidence was the lowest since February due to uncertain market environment and high interest rates, and the future outlook remained cautiously optimistic, with constructors placing their hopes on a suspended tranche of €19 billion from the NextGenerationEU Fund. source: Markit Economics

Construction PMI in Italy averaged 49.33 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 August of 2023.

Construction PMI in Italy is expected to be 50.70 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 48.00 48.60 points Jul 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
48.00 48.60 68.50 4.80 2013 - 2023 points Monthly
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News Stream
Italy Construction Activity Contracts for 8th Month
The HCOB Italy Construction PMI fell to 48 in July 2023 from 48.6 in June, logging an eighth period in contraction. Although new orders rose for the second month amid higher client interest, firms developed a circumspect approach and reduced their purchasing marginally for an eighth month. On the sectoral level, both civil engineering and commercial work deepened their declines, while housing activity fell at the softest pace since the beginning of the year. Companies chose to add workers, but the growth was sustained. On prices, input inflation decelerated to the levels last seen in mid-2020. Lastly, business confidence was the lowest since February due to uncertain market environment and high interest rates, and the future outlook remained cautiously optimistic, with constructors placing their hopes on a suspended tranche of €19 billion from the NextGenerationEU Fund.
2023-08-04
Italy Construction Activity Contracts Less in June
The HCOB Italy Construction PMI rose to 48.6 in June 2023 from 47.9 in May, logging a seventh period in contraction. New orders recorded growth for the first time since last November, mainly due to higher client interest. Meanwhile, constructors cut back on purchasing marginally amid an uncertain economic outlook as workloads remained insufficient to encourage an increase in the buying of new materials and goods. On the sectoral level, both civil engineering and commercial construction deepened their declines, while housing construction extended the ongoing negative trend but fell at the softest rate in seven months. Although companies chose to add workers during the period, they significantly reduced the pace of hiring. On prices, input inflation accelerated to a three-month high on elevated fuel and energy costs. Lastly, business confidence dropped to a four-month low, and the future outlook remained subdued since the demand for residential loans was set to weaken further.
2023-07-06
Italian Construction Activity Contracts for 6th Month
The HCOB Italy Construction PMI fell to 47.9 in May of 2023 from 49 in the previous month, logging a sixth consecutive period of decline in the sector. The number of new contracts dropped at the fastest pace since February, extending its weight on the sector’s performance with firms citing higher economic uncertainty and the adverse effect of floods throughout the country. Consequently, constructors further cut back on purchasing. On the sectoral level, both commercial and housing construction accelerated their contractions, while civil engineering works extended the ongoing negative trend but limited their decline. Still, companies chose to add workers during the period. On the price front, lower demand for input purchasing and improved supply chains drove inflation to ease. Looking forward, companies remained optimistic amid hopes of tender opportunities through the government’s recovery plan.
2023-06-06