In eleven months of 2024, the construction indicator recorded eight declines.
In eleven months of 2024, the construction indicator recorded eight declines.
Argentine News
The Current indicators of construction activity showed a drop of 2.1% in November after the rebound in October, as reported this Monday by the National Institute of Statistics and Censuses (INDEC).
Prior to the tenth month of the year, the indicator chained six falls in a row and in the first eleven months of 2023, it recorded eight declines.
The accumulated of the eleven months of 2023 The original series index presents a decrease of 2.3% compared to the same period in 2022.
Construction supplies: in which materials did sales fall and in which did they rise?
The data on the apparent consumption of construction inputs in November 2023 show, in relation to the same month of the previous year, decreases in 44.7% on asphalt; 12.0% in manufactured concrete; 10.9% in Portland cement; 9.4% in the rest of the inputs (includes faucets, seamless steel pipes and construction glass); 9.2% in lime; 8.2% in granitic and calcareous mosaics; 5.7% in round iron and steel for construction; and 0.2% in plaster.
Meanwhile, increases are observed in 16.2% in construction paints; 16.1% in plasterboard; 10.2% on ceramic floors and coverings; 10.1% on ceramic sanitary ware; and 7.1% in hollow bricks.
Construction: what could be expected going forward?
Furthermore, from now on the forecasts are not good since according to the Association of Portland Cement Manufacturers (AFCP)the cement dispatches They 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 enters a period of recession.
The privatization of public works will also be a challenge, because there are works that were carried out by the State and that are not profitable for the private sector. ““A border school, a water network or a health center in the interior of the country are not profitable works that can be financed and sold like any other good.”he pointed Gerardo Antonio Fernandezpresident of the Confederation of Construction SMEs of the Argentine Republic (CPC) to Ambit last month.
Source: Ambito
