Construction in Italy – Key Trends and Opportunities to 2018

Date: 2015-09

The value of the Italian construction industry declined during 2007–2013; the size of the industry, in real value-add terms, in 2013 was just 73% of the level recorded in 2007. The industry’s total output registered a compound annual growth rate (CAGR) of -1.55% in nominal terms during the review period (2009–2013). Weak economic conditions across the eurozone, high unemployment, low wage growth and public spending cuts contributed to this decline. The construction industry is expected to fare slightly better over the forecast period (2014–2018), as a result of an anticipated economic recovery in Europe, the Italian government’s focus on infrastructure construction, increased investor sentiments and improved export demand. The industry is expected to record a forecast-period CAGR of 0.76%.

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