According to Association of Portland Cement Manufacturers (AFCP), cement shipments had their worst December in four years. In December they fell 20.5% compared to November, and 12.9% compared to the same month of 2022, which the sector defines as a sign that a recession period.
Construction, one of the key sectors of the Argentine economy, It stopped with everything in December, in the midst of the adjustment announcements made by the new president Javier Milei.
The paralysis is already noticeable in different private works and, of course, in public works, especially in the suburbs and the interior of the country.
Construction: the sector reports paralysis since December
The index Build, which measures the evolution of the volumes sold of construction products, registered a sharp decrease of 14.8% seasonally adjusted monthly. Furthermore, it was located 17.4% below December 2022.
In this way, the accumulated from January to December closed 7.9% below the same period of the previous year.
“In the December Index, which shows the closing balance of the year, it is seen that it continues in decrease in the sale of materials For the construction. This is a product ofuncertainty associated with the change of government, something that is likely to persist during the summer,” explained those who develop this key index to measure the temperature of economic activity.
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Argentine News
Construction: sales fall in key products
The index measures the evolution of the volumes sold to the private sector of ceramic bricks, Portland cement, lime, long steel, aluminum carpentry, adhesives and pastes, waterproofing paints, toilets, boilers and home systems and central heating, taps and water conduction pipes, floors and ceramic coverings.
All those materials They are central to the activity. The drop in sales, announces paralysis whose duration is difficult to project, according to the main references in the sector.
“Some talk about March, but others are more pessimistic and see a lost first semester, amid severe cost-cutting measures,” a developer with a strong presence in middle-class neighborhoods such as Caballito, Almagro, Flores and Boedo.
He INDEC will broadcast this week construction activity index. But the information it will provide will reflect November sales, before the new government takes office and it begins to become clear that a crisis is coming. high impact fit.
Source: Ambito
