Public works boost Italian construction

By Mike Hayes18 October 2019

SAM (11)

Visitors view equipment at SaMoTer 2017 in Verona, Italy

A report from the SaMoTer-Prometeia Outlook says investments in the Italian construction sector are growing, with a 3.5% year-on-year rise expected by the end of 2019.

The publication, which provides analysis on construction performance in the country each quarter, concludes that the resumption of public works is largely responsible for the increased investment, which equates to approximately €4.8 billion.

A particularly promising aspect, says the report, is the trend for gross fixed investments by public administrations, up by 6.9% in the first half of the year, thanks to measures including the release of local government budget surpluses for public works.

According to the report, 2020 will also see an uplift, this time of 2.4%, equating to approximately €3.3 billion.

The SaMoTer-Prometeia Outlook confirmed that business confidence in construction currently stands at higher levels than in other sectors of the Italian economy.

It pointed specifically to higher activity in building renovation and energy redevelopment projects, with much of the impetus due to tax incentives, but also stated that activity in the residential building market had increased by 3.9% in the second quarter.

The market analysis report is provided to construction companies by the international construction equipment trade fair SaMoTer – taking place in Verona, Italy, between 21 and 25 March, 202.

 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, International Rental Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Ritchie Bros to acquire SmartEquip
US$175 million deal will add e-procurement tool for parts to Ritchie’s equipment auctions
Materials shortages ‘won’t halt recovery’
Research from Dutch financial services group ING points to resilient construction market
Platform Basket double debut
Manufacturer’s new Spider 39T for utility tasks and the RR9/200 rail mounted platform will be on display at the GIS show
CONNECT WITH THE TEAM
Murray Pollok Managing Editor Tel: +44(0)1505 850 043 E-mail: murray.pollok@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA