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Wednesday, November 30, 2022

fell 2.9% in September and recorded its biggest drop in 6 months

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According to INDEC, the data on the apparent consumption of construction supplies in September 2022 showed, in relation to the same month of the previous year, increases of 21.2% in manufactured concrete; 18.1% in the rest of the supplies (includes taps, seamless steel tubes and glass for construction); 14.1% in plasterboard; 12.2% in ceramic floors and coverings; 9.2% in portland cement; 8% in round iron and steel for construction; 5.6% in granitic and calcareous mosaics; 5.2% in limes; 1.7% in ceramic sanitary ware; and a positive variation close to zero in gypsum.

For its part, decreases of 6.8% were recorded in asphalt; 4.5% in hollow bricks; and 0.6% in paints for construction.

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Likewise, the official statistics body highlighted that if the variations of the accumulated during the nine months of 2022 as a whole are analyzed, in relation to the same period of the previous year, increases of 24.6% were observed in the rest of the inputs ( includes faucets, seamless steel tubes and building glass).

There were also increases of 17.3% in manufactured concrete; 11.6% in plasterboard; 11.2% in portland cement; 10.2% in round iron and steel for construction; 8.7% in ceramic sanitary ware; 7.3% in granitic and calcareous mosaics; 7.2% in plaster; 6.4% in asphalt; 5.3% in limes; 5.1% in ceramic floors and coverings; and 2.1% in paints for construction. Likewise, a drop of 6.3% was observed in hollow bricks.

Outlook for the period October 2022-December 2022

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The results obtained by the qualitative construction survey, carried out on large companies in the sector, show disparate expectations regarding the level of activity expected for the period October 2022-December 2022, whether they are dedicated to carrying out mainly private or public works.

According to INDEC, 66.1% of the companies that mainly carry out private works foresee that the level of activity in the sector will not change during the next three months, while 19.6% estimate that it will decrease and 14.3% that it will increase. Among the companies dedicated fundamentally to public works, 57.3% believe that the level of activity will not change during the period October 2022-December 2022, while 22.7% believe that it will increase and 20.0% that it will decrease.

The companies that estimate that the activity of the sector will increase in the next three months indicate as the main factor the new public works plans, while the companies that foresee that the activity of the sector will decrease in the next three months indicate that the main cause is delays in the payment chain, whether they are dedicated to carrying out mainly private or public works.

In relation to the estimated variation for the next three months in the number of employed, permanent and contracted personnel, among the companies that are mainly dedicated to private works, 62.5% anticipate that there will be no changes, 25.0% estimate an increase of their schools and 12.5%, a reduction.

In the case of businessmen engaged in public works, 62.7% believe that it will not change, 28.0% estimate that it will increase, and the remaining 9.3% believe that it will decrease.

Regarding the type of works that will be carried out in the next three months, the companies that are mainly dedicated to private works distributed their responses as follows: housing, 17.4%; other works of architecture, 11.0%; industrial buildings, 10.4%; road works and paving, 9.5%; commercial buildings, 8.5%; and industrial assemblies, 7.9%; among other.

On the other hand, the companies that are fundamentally dedicated to public works responded mainly to construction of road works and paving, 25.4%; homes, 15.5%; water and sewage distribution, 12.9%; other works of architecture, 12.5%; hydraulic works, 7.4%; and transportation infrastructure, 7.1%; among other.

When identifying the policies that would encourage the sector, the companies that mainly carry out private works indicate the policies aimed at to price stability (28.7%) and construction loans (22.6%), among others. Construction entrepreneurs who mainly carry out public works are inclined towards policies aimed at price stability (32.8%) and tax charges (24.0%), among others.

Source: Ambito

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