24hoursworld

Economic uncertainty hits construction

Economic uncertainty hits construction

Sales to the private sector building products they fell 12.4% year-on-year in April as a result of the economic instability, according to the Construya Group, made up of leading companies in the activity.

In the comparison with last March, an improvement was registered, in this case of 8.4%, according to the Construya Index (IC), which measures the evolution of the volumes sold to the private sector.

Thus, the accumulated figure for the first four months of 2023 closed 8.1% below the same period of the previous year.

“Construction materials shipments have decreased in the first four months of the year due to the context of instability in the macroeconomics. However, they remain at a high level in inter-monthly terms because construction constitutes a safe safeguard of value” , evaluated the Construya Group.

The IC measures the evolution of the volumes sold to the private sector of the following construction products manufactured by the companies that make up the Group: ceramic bricks, Portland cement, lime, long steel, aluminum carpentry, adhesives and pastes, waterproofing paints, toilets, boilers and home and central heating systems, faucets and water pipes, ceramic floors and coverings.

The Construya Group was founded in 2022 and its objective is to promote the construction and culture of quality in that industry in the country.

On the other hand, official statistics indicate that the general level of the Construction Cost Index (ICC) in Greater Buenos Aires corresponding to March 2023 registered an increase of 4.5% compared to the previous month.

This was reported by IDEC, which clarified that this result arises as a consequence of a 5.5% increase in the “Materials” chapter, a 3.5% increase in the “Labor” chapter and a 3.8% increase in ” General expenses”.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts

Louis Gossett Jr.: US actress dies

Louis Gossett Jr.: US actress dies

Louis Gossett Jr. has died at the age of 87. The actor won an Oscar for his role in “An Officer and a Gentleman.” Mourning