Market news
18.06.2021, 08:42

Italy's сonstruction output declined in April

According to the report from Istat, in April 2021, estimates for construction output decreased by 2.2% in the month-on-month series, recording the first monthly fall in 2021.

In the three months to April 2021, the seasonally adjusted index of production in construction was up 5.8% when compared with the previous three months.

Year on year, the unadjusted index for construction output grew by 262.7%, while the calendar adjusted index (21 calendar working days as in April 2020) rose by 260.2%. This is the highest annual growth in construction output since the series began and it is strictly connected to the closures imposed in April 2020 to limit the spread of Covid-19.

In the first four months of 2021, construction output rose by 46.0% in the unadjusted series and increased by 46.6% in the calendar adjusted series.

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