Construction stopped the rebound and suffered its biggest drop in 5 months in August

Construction stopped the rebound and suffered its biggest drop in 5 months in August

In this way, construction presented an interannual increase of 6.4% between January and August.

According to INDEC data, last July the sector recorded 439,398 formal jobs, the highest level in the last four years, since in October 2018 jobs reached 441,324.

The labor force indicator in construction showed in July a rise of 19.1% with respect to the same month of the previous year and of 17.5% accumulated since last December, with respect to the same period of the previous year.

Authorized private construction permits in the 176 most representative municipalities of the country, had an interannual increase of 14.5% in July and in the first seven months of the year an accumulated increase of 4.6%.

25% of the companies that mainly carry out private works, According to the survey of expectations carried out by INDEC, they estimated that the level of activity will increase in the next three months.

Among the companies that are mainly dedicated to public works, 32.3% projected that activity in their sector will also grow.

According to the consumption of inputs in the industry, year-on-year increases were registered in the commercialization of 27.4% in taps, seamless steel tubes and glass, 25.8% in sanitary ware, 20.9% in plasterboard, 18, 0% in concrete, 13.2% in floors and coverings, 13.2% in cement, 6.8% in mosaics and 6.2% in paints, among others.

The declines affected sales of asphalt by 7.2% and 3.7% in hollow bricks.

Source: Ambito

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