Italy's construction sector is showing signs of resilience as the HCOB Italy Construction PMI rose sharply to 51.2 in December 2024, ascending from a prior reading of 48.5 in November. This figure, revealed on January 7, 2025, marks a significant rebound as the index climbs back above the neutral 50.0 threshold, suggesting expansion in the sector for the first time in recent months.
The monthly comparison highlights a positive shift in the construction landscape. November's index, recorded at 48.5, reflected a contraction, underlining the challenges faced during the latter part of the year. However, December's uptick signifies renewed activity and optimism, likely driven by improved demand and favorable conditions.
As the new year unfolds, stakeholders within Italy's construction industry are poised to capitalize on this momentum, potentially spurring further growth and investment in the coming months. The PMI's progression into expansion territory offers a promising outlook for the sector, which plays a pivotal role in buoying the country's broader economic health.
The material has been provided by InstaForex Company - www.instaforex.com
The monthly comparison highlights a positive shift in the construction landscape. November's index, recorded at 48.5, reflected a contraction, underlining the challenges faced during the latter part of the year. However, December's uptick signifies renewed activity and optimism, likely driven by improved demand and favorable conditions.
As the new year unfolds, stakeholders within Italy's construction industry are poised to capitalize on this momentum, potentially spurring further growth and investment in the coming months. The PMI's progression into expansion territory offers a promising outlook for the sector, which plays a pivotal role in buoying the country's broader economic health.
The material has been provided by InstaForex Company - www.instaforex.com