Due to the recession, the sale of construction supplies plummeted

Due to the recession, the sale of construction supplies plummeted

The sale of construction supplies It fell 33.2% year-on-year in April, but improved compared to March, despite the fact that demand continues to decline. This was reported this Tuesday by the Construya Group, an entity made up of leading companies in the sector.

In April, the Construya Index – which measures the evolution of volumes sold to the private sector of construction products – registered a seasonally adjusted monthly recovery of 6.43%, although it remained 33.2% below the level of the same month of 2023.

Thus, The accumulated January-April 2024 showed a decrease of 33.1% compared to the first quarter of 2023.

“In April, shipments from the Group’s companies registered an improvement compared to March, but remained well below the quantities reached in 2023. Demand continues to be reduced, due to the fall in purchasing power and the need to adapt stocks to the new scenario, as well as the persistence of investors’ wait-and-see posture,” assessed Grupo Construya, in a statement.

The Index measures the evolution of the volumes sold to the private sector of the following construction products manufactured by the leading companies that make up the Construya Group: ceramic bricks, Portland cement, lime, long steel, aluminum carpentry, adhesives and pastes, paints waterproofing, sanitary, boilers and home systems and heating plants, taps and water pipes, floors, ceramic coatings and electrical and electronic materials.

Finally, the Group clarified that the ISAC construction indicator that the INDEC will publish this month will refer to March 2024, therefore, it will not be comparable with this Construya Index, corresponding to April.

Source: Ambito

Leave a Reply

Your email address will not be published.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

Latest Posts