Italy EUR

Italy HCOB Construction PMI

Impact:
Low

Latest Release:

Actual:
48.5
Forecast: 48.5
Previous/Revision:
48.2
Period: Dec 2024

Next Release:

Forecast: 49
Period: Jan 2025
What Does It Measure?
The HCOB Construction Purchasing Managers' Index (PMI) measures the overall activity and sentiment in the construction sector of Italy, focusing on factors such as new orders, employment trends, and supplier deliveries. It serves as a key indicator of economic health, where values above 50 indicate expansion in the construction industry and values below 50 signal contraction.
Frequency
The HCOB Construction PMI is released on a monthly basis, with the data typically published on the first business day of the following month and consists of preliminary estimates that may be revised later.
Why Do Traders Care?
Traders closely monitor the Construction PMI as it provides insights into the health of the construction sector, which is crucial for overall economic growth; stronger-than-expected results often lead to bullish sentiments in related assets such as the euro and construction stocks. This timely indicator can influence forecasts and decisions about monetary policy and investments in both currency and equity markets.
What Is It Derived From?
The Construction PMI is derived from a survey of purchasing managers in the construction industry, measuring variables such as new orders, business activity, and employment changes. The index is calculated using diffusion indices, which are weighted by the size of the firms surveyed, offering a comprehensive view of industry performance.
Description
The HCOB Construction PMI provides valuable insights into the construction sector by assessing various key components, including new orders and employment levels, thus indicating future growth prospects within the economy. It acts as a leading indicator, often influencing market sentiment and economic forecasts based on the prevailing trends in the construction industry.
Additional Notes
The Construction PMI is considered a leading economic indicator, often used to gauge future economic activity, especially as construction spending significantly impacts GDP growth. Its relationship to other indices, such as the Manufacturing PMI and general economic conditions, offers traders context for understanding broader economic trends.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
Dec 05, 2024
48.5
 48.5
48.2
Nov 07, 2024
48.2
 48
47.8
 0.2
Oct 04, 2024
47.8
 46
46.6
 1.8
Sep 05, 2024
46.6
 46
45
 0.6
Aug 06, 2024
45
 48
46
 -3
Jul 04, 2024
46
 50
49
 -4
Jun 06, 2024
49
 50
48.5
 -1
May 07, 2024
48.5
 50.5
50.3
 -2
Apr 05, 2024
50.3
 50.5
50.3
 -0.2
Mar 06, 2024
50.3
 50.9
51.6
 -0.6
Feb 06, 2024
51.6
 54.5
55.2
 -2.9
Jan 05, 2024
55.2
 52.5
52.9
 2.7
Dec 06, 2023
52.9
 51.5
51.8
 1.4
Nov 07, 2023
51.8
 49.7
49.8
 2.1
Oct 05, 2023
49.8
 47.4
47.7
 2.4
Sep 06, 2023
47.7
 46.5
48
 1.2
Aug 04, 2023
48
 49.1
48.6
 -1.1
Jul 06, 2023
48.6
 48.4
47.9
 0.2
Jun 06, 2023
47.9
 50.4
49
 -2.5
May 05, 2023
49
 47.8
47.4
 1.2