In August 2024, construction contracted 26.4% compared to the same month in 2023. The accumulated decrease for the eight months of 2024 is 30.3%.
The construction broke streak of four monthly rebounds and it contracted almost 3% in August. In July a 8% monthly. In this way, In the accumulated of the first eight months of 2024, the decrease has already exceeded 30%as reported this Tuesday, October 8, the Synthetic Indicator of Construction Activity (ISAC) of the INDEC.
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“Today the INDEC shared the Manufacturing IPI and Construction Index data for the months of August. Mixed signals, where IPIM marked a monthly increase of 1.5% (se) and Construction a fall of 2.9% monthly (se)”, analyzed, on this day, Romano Group.
Inputs: strong contraction in demand
The data on the consumption of construction inputs in August revealed, in the interannual comparison, decreases in 51.2% in granitic and calcareous mosaics; 40.5% in ceramic sanitary ware; 37.7% in manufactured concrete; 33.0% in plaster; 31.1% on asphalt.
Also a 29.1% contraction in round iron and construction steels; 26.4% in Portland cement; 25.9% in hollow bricks; 23.1% in ceramic floors and coverings; 21.1% in the rest of the inputs (includes faucets, seamless steel tubes and glass for construction); 14.4% in limes; 10.9% in plasterboard; and 3.8% in construction paints.
Prospects for construction for the last quarter
The results obtained from the qualitative construction survey, carried out with large companies in the sector, showed disparate expectations with respect to the level of activity expected for the period September-November 2024, depending on whether they are dedicated to carrying out mainly private or public works.
66.4% of companies that mainly carry out private works anticipate that the level of Sector activity will not change during the next three monthswhile 24.8% estimate that it will increase and 8.8% that it will decrease.
In relation to the estimated variation for the next three months of the number of employed, permanent and contracted personnel, among companies that are mainly dedicated to private works 75.2% predict that there will be no changes16.8% estimate an increase and 8.0% a decrease.
Source: Ambito
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