MARKET INSIGHT | ITALY
stands at $19.4bn. The pipeline, which includes all projects from pre-planning to execution with a value above $25m, is highly skewed towards early-stage projects, with 83.6% of the pipeline value being in projects in the pre-planning and planning stages as of June 2025. According to the ISTAT, the construction cost index for industrial buildings grew by
2.2% YoY in April 2025, following YoY growth of 1.6% in March and 1.3% February 2025. The annual average construction cost index for industrial buildings grew by 1.4% in the first four months of 2025, increasing from 111.8 in January-April 2024 to 113.3 in January-April 2025. This was preceded by an annual decline of 1% in 2024. Furthermore, in Italy, domestic contractors
Italy – Industrial construction project pipeline Value by stage ($ millions)
dominate the project pipeline for which a contract has been awarded, being involved in 66% of projects in the pipeline by value. Among the foreign contractors, firms
from France are involved in 34% of projects for which a contract has been awarded to a foreign contractor. Austrian and Swiss contractors follow, with shares of 14% and 13%, respectively.
0
5,000
10,000
15,000 Pre-planning Planning Pre-execution Execution
Italy – Construction costs index for industrial building (2021=100), % change YoY
140 120 100 80 60 40 20 0
25% 20% 15% 10% 5% 0% -5% -10%
20,000
Index % change, YoY
Italy – CPMI scores Three month moving average trend score
1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 -0.2 -0.4 -0.6
Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Raw Score Trend Score
34 | October 2025 |
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