Italy EUR

Italy Construction Output YoY

Impact:
Low

Latest Release:

Date:
Surprise:
-0.4%
Actual:
4.1%
Forecast: 4.5%
Previous/Revision:
3.6%
Period: Mar

Next Release:

Date:
Period: Apr
What Does It Measure?
Italy's Construction Output YoY measures the annual change in the total volume of construction work completed, which includes residential, commercial, and public infrastructure projects. This indicator focuses primarily on production within the construction sector, assessing its contribution to overall economic performance through key areas such as investment levels and employment trends.
Frequency
This event is released on a monthly basis, with the data typically published around the 16th day of the following month as a preliminary estimate.
Why Do Traders Care?
Traders monitor the Construction Output YoY due to its significant implications for economic health, impacting markets related to currencies, equities, and construction-related commodities. A higher-than-expected output generally increases confidence in the economy, hence buoying the Euro and construction stocks, while weaker results can lead to bearish sentiments.
What Is It Derived From?
The Construction Output is derived from statistical surveys conducted among construction firms across Italy, collecting data on the volume and value of completed construction work. The calculation is typically based on a combination of actual reported output and estimates, ensuring a comprehensive assessment of industry activity.
Description
Preliminary data reflects initial estimates of construction output based on early reporting from the sector, which may later be revised to provide a more accurate final figure. This indicator utilizes a Year-over-Year (YoY) reporting method to compare output levels with the same month in the previous year, effectively eliminating seasonal effects and revealing long-term industry trends.
Additional Notes
Construction Output serves as a coincident economic indicator, often reflecting broader economic conditions and influencing related sectors such as manufacturing and services. It is essential not only for gauging domestic economic health but also for understanding export opportunities in construction materials and technologies.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for Euro, Bullish for Construction 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
4.1%
4.5%
3.6%
-0.4%
6%
3.2%
4.2%
2.8%
4.2%
-1.6%
-1.9%
5.8%
-0.6%
3.2%
3.3%
-3.8%
3.6%
3.3%
1.9%
0.3%
3.4%
4.2%
1.8%
-0.8%
3.9%
-0.8%
-0.3%
4.7%
-0.3%
5.9%
7.3%
-6.2%
4.1%
8.3%
6.3%
4.1%
9.2%
6.2%
9.2%
3%
10.5%
4.5%
3.8%
6%
3.8%
2%
7.4%
1.8%
5.9%
12%
13.3%
-6.1%
14.8%
7.5%
12.4%
7.3%
9.9%
2%
3.7%
7.9%
1.5%
1.2%
2.7%
0.3%
1.6%
0.5%
0%
1.1%
0%
-0.8%
-0.3%
0.8%
-0.3%
-1%
-1.1%
0.7%
-2.1%
-4.8%
-6.5%
2.7%
-1.1%
-3.7%
-2.1%
2.6%
-6.5%
-7.8%
-6.3%
1.3%
-6.3%
-4.2%
-2.4%
-2.1%
-3.4%
-0.5%
-0.1%
-2.9%
1.6%
5.3%
3.2%
-3.7%
5.9%
4.6%
4.8%
1.3%
4.9%
-3%
5.8%
7.9%
5.3%
4%
6.3%
1.3%
6.4%
7.1%
9.2%
-0.7%
7.7%
7.5%
9.7%
0.2%
9.7%
1.2%
7%
8.5%
10.4%
16.5%
16.9%
-6.1%
5.9%
13.2%
10.4%
-7.3%
16.9%
15.5%
17.3%
1.4%
16.9%
17.4%
20%
-0.5%
19.4%
17.5%
22.1%
1.9%
20.9%
13.9%
13.2%
7%
13.2%
21.8%
21.1%
-8.6%
19.3%
12.5%
14.7%
6.8%
13.2%
7.2%
14.6%
6%
13.9%
9.1%
11.8%
4.8%
10.5%
2.8%
1.7%
7.7%
1.5%
4.5%
10.9%
-3%
17%
19.1%
32.6%
-2.1%
9.1%
8.9%
17%
0.2%
32.6%
25.1%
287.1%
7.5%
60.2%
77%
74.5%
-16.8%
74.5%
38%
3.5%
36.5%
3.5%
-3.2%
-0.7%
6.7%
-1.5%
-6.3%
-1.1%
4.8%
-1.5%
4%
7.9%
-5.5%
7.2%
0.4%
1.4%
6.8%
1.6%
4%
4.7%
-2.4%
5.1%
7.5%
13.4%
-2.4%
12.8%
-2.6%
0.3%
15.4%
-5.6%
-12%
-16%
6.4%
-1.1%
-7%
-5.6%
5.9%
-16.8%
-40%
-68.9%
23.2%
-67.8%
-43%
-35.5%
-24.8%
-35.4%
-22.2%
1.1%
-13.2%
-0.3%
2.5%
8.4%
-2.8%
8.4%
-1.6%
-1.3%
10%
-1.3%
-2%
-2.7%
0.7%
-3.4%
1.6%
2.7%
-5%
2.7%
0.9%
0.8%
1.8%
0.3%
1.5%
2.1%
-1.2%
2.1%
1.1%
1.2%
1%
0.7%
2.1%
2%
-1.4%
0.8%
1.4%
0.7%
-0.6%
2%
2.3%
2.8%
-0.3%
2.7%
7.5%
8.6%
-4.8%
8.1%
4.2%
8.2%
3.9%
7.8%
0.5%
-0.3%
7.3%
-1%
-0.6%
-1%
-0.4%
-1.3%
0.2%
0.5%
-1.5%