Italian construction industry: current situation and forecasts
The 26th CRESME Outlook and Forecast Report reveals a sector-wide recovery that is expected to continue at least until 2022.
Following a severe decade-long crisis, the downturn in the Italian construction sector finally appears to have bottomed out, confirming the return to positive territory first observed in 2016.
This, in a nutshell, is the situation described by Lorenzo Bellicini in his presentation of the 26th Outlook and Forecast Report of CRESME (Centre for Economic and Social Research in the Construction Market) devoted to the construction market in 2019-2023.
The construction industry is expected to perform strongly over the four-year period 2019-2022 with growth levels higher than 2% but slowing gradually: +2.5% in 2019; +2.3% in 2020; +2.1% in 2021; and +1.7% in 2022. New residential construction is expected to come to a standstill in 2023 as sector-wide growth drops below 1%.
Read the full article published on Brick World Review 1/2019