Construction is still suffering according to Ance

The construction sector is currently in a stalemate and cannot benefit from the general recovery. “We are a counter trend compared to the general trend of the economy”, said yesterday the Ance President Giuliano Campana presenting the report on the current situation of the industry. While Banca d’Italia and Istat see a positive trend for 2017, the construction sector is forced to scale down this growth: from a growth of 0.8%, we go down to 0.2%. We need to wait for next year for a solid recovery when the regulations of the new budget should bring an increase of the investments by 1.5%. Campana suggests some regulations to the Government to support the sector, starting from the extension of the fiscal bonus. Besides, Ance is requesting to prefer the requalification operations, with legislative procedures to favour building replacement. A sore point is the public agencies’ expenditure which, according to Ance, haven’t been able to use to their advantage the opportunities offered by the relaxation of the Stability Pact. Moreover, the decrease of investments in new houses (-1.5%) will weigh on the industry, even if in a context of recovery of the residential market , growing for the third consecutive year in 2016, when the sales registered an increase of 18.4%, while in the first quarter of 2017 they increased by 8.6%. Also, the investments in public works are growing, even by little, as well those in requalification projects, increasing by 0.5%.

Source: Milano Finanza

Translator: Cristina Ambrosi

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