Market Research Report
Construction in Italy - Key Trends and Opportunities to 2025 (Q1 2021)
|Published by||GlobalData||Product code||955210|
|Published||Content info||47 Pages
Delivery time: 1-2 business days
|Construction in Italy - Key Trends and Opportunities to 2025 (Q1 2021)|
|Published: April 9, 2021||Content info: 47 Pages||
The construction industry in Italy is expected to rebound in 2021 and grow 5.3% in real terms in 2021 - following a decline of 6.3% in the previous year. Italy was the first European country to impose a lockdown last year in response to the pandemic. Although the construction industry was temporarily closed last year, operations resumed in May 2020, after almost two months of shutdown.
GlobalData expects the Italian construction industry to regain its positive momentum this year. However, a downside risk to the industry's outlook arises from the recent upsurge in COVID-19 infections and the subsequent tightening of lockdown restrictions in the country. The rising national debt also poses a threat to government spending in the industry. Even before the outbreak of the pandemic, Italy was the second-most indebted country in the Eurozone. The outbreak of the pandemic, coupled with economic slowdown and the drastic increase in public spending on stimulus packages, has led to the country's debt-to-GDP ratio rising from 134.6% in 2019 to 155.6% last year. The government is expected to receive a substantial windfall from the EU's recovery fund, which will support the government's plans to increase spending in infrastructure.
Over the remaining part of the forecast period, the industry is expected to register annual average growth of 1.6% between 2022-2025, supported by investments in housing, healthcare, transport, energy, and tourism infrastructure projects. The government's focus on reducing carbon emissions in the country, and support for renovating buildings to make them more energy efficient, will also support industry growth over the forecast period.
This report provides detailed market analysis, information and insights into the Italian construction industry, including -
This report provides a comprehensive analysis of the construction industry in Italy. It provides -