FX.co ★ Italy’s Construction Sector Returns to Expansion as HCOB PMI Climbs Above 50 in February

Italy’s construction sector moved back into expansion territory in February, as the HCOB Italy Construction Purchasing Managers’ Index (PMI) rose to 50.4, up from 47.7 in January 2026. The latest reading, updated on 5 March 2026, marks a month-over-month improvement that shifts the index above the 50.0 threshold, which separates contraction from growth.

The February gain follows a period of contraction in January, when the index’s 47.7 reading indicated a decline compared with the previous month. The month-over-month comparison shows that conditions in the construction industry have strengthened, suggesting a modest revival in activity at the start of 2026. Investors and analysts will now watch incoming data to assess whether this rebound can be sustained in the coming months.