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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ItalyItaly Construction PMI climbed to 50.4 in February 2026
FMPMonthlyReleased March 2026
Italy Construction PMI climbed to 50.4 in February 2026, released March 2026, up 2.7 from January's 47.7 reading.
Latest Release
50.400000
Actual
—
Consensus
47.700000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Construction PMI (Italy) was reported at 50.40 in March 2026. The reading rose from the previous value of 47.70. Trailing 12-month context per ETL data through March 2026. Over the past 12 months, the indicator has averaged 48.70, ranging from 47.70 to 50.70 across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 48.67, down from the prior three at 48.87.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/USD (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (Jun 26) and Consumer Confidence (Jun 26).
Auto-generated from current model state · Refreshes on each release · Last update March 2026.
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Construction PMI - IT
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About Construction PMI — Italy
DEFINITION
Construction PMI (Purchasing Managers' Index) is a leading economic indicator that measures the level of activity in the construction sector. It provides valuable insights into the health and growth of the construction industry by tracking changes in key factors such as new orders, employment, and business expectations. This data is used by businesses, investors, and policymakers to make informed decisions and assess the overall economic outlook. A high Construction PMI indicates a strong and expanding construction sector, while a low PMI suggests a slowdown in activity.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 50.4. Prior reading (Feb 2026): 50.4. Before that (Jan 2026): 47.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.