The cost of construction moderated again and drilled 1% in November

The cost of construction moderated again and drilled 1% in November

December 17, 2024 – 16:04

In the monthly variation by item, the largest increases were found in: glass (+4.7%), elevators (+3.3%), and earthworks (+3.1%).

The overall level of the cost index construction (ICC) in Greater Buenos Aires in November rose 0.9% compared to the previous month. The interannual variation was 130.3%, while the cumulative variation amounted to 76.3%, as published this afternoon by the National Institute of Statistics and Censuses of the Argentine Republic (INDEC).

This CCI arose as a consequence of a 1.2% increase in the chapter “Materials”, of 0.3% in the chapter “Labour” and 2.5% in the chapter “Overheads”.

In the monthly variation by item, the largest increases were located in: glasses (+4.7%), elevators (+3.3%), and earth movement (+3.1%).

Then they continued: other work and expenses (+2.4%), wood carpentry (+2.2%), and the minors increases in electrical installation (+0.3%), sanitary installation and fire protection (+0.3%), metal carpentry and blacksmithing (+0.2%), structure (+0.2%) and gas installation (-0.3% ).

For its part, in the “Labor” chapter, there was an increase of 0.3% monthly. “This result arises as a consequence of a 1.6% increase in labor subcontracts and that the salaried labor“, they explained from INDEC.

Source: Ambito

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