Construction contracted almost 25% annually in September, but showed a rebound compared to the previous month

Construction contracted almost 25% annually in September, but showed a rebound compared to the previous month

November 7, 2024 – 16:10

However, in the interannual variation, activity recorded a drop of 24.8% compared to the same month in 2023. The accumulated of the nine months of 2024 of the original series index presented, in turn, a decrease of 29.5% compared to the same period in 2023.

Ignacio Petunchi

The Synthetic Indicator of Construction Activity (ISAC) recorded a rise of 2.4% monthly in September, after the setback suffered in AugustINDEC reported this Thursday.

However, in the interannual variation, The activity recorded a drop of 24.8% compared to the same month in 2023 (the 11th consecutively). Thus, the accumulated nine months of 2024 of the index presented, in turn, a decrease of 29.5% compared to the same period in 2023.

Meanwhile, the trend-cycle series index showed a positive variation of 2.2% compared to the previous month.

The data on the apparent consumption of construction inputs in September 2024 show, in relation to the same month of the previous year, decreases of 47.4% in ceramic sanitary articles; 44.2% in granitic and calcareous mosaics; 36.5% in round iron and steel for construction; 34.0% in manufactured concrete; 28.7% in the rest of the inputs (includes faucets, seamless steel tubes and glass for construction); 27.6% on asphalt; 25.1% in hollow bricks; 23.5% on ceramic floors and coverings; 21.7% in plaster; 18.4% in Portland cement; 11.3% in plasterboard; 4.7% in limes; and 2.5% in construction paints.

For its part, if the variations of the accumulated during the nine months of 2024 as a whole are analyzed in relation to the same period of the previous year, decreases of 50.7% are observed in asphalt; 43.4% in granitic and calcareous mosaics; 43.4% in round iron and steel for construction; 40.6% in ceramic sanitary ware; 37.4% in manufactured concrete; 31.9% in ceramic floors and coverings; 29.8% in plaster; 28.6% in hollow bricks; 27.0% in Portland cement; 25.8% in plasterboard; 23.0% on the rest of the inputs (includes faucets, seamless steel tubes and glass for construction); 15.2% in limes; and 7.5% in construction paints.

Source: Ambito

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