A key input fell 20% in January, a level only recorded in the economic crisis

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The 772,874 tons of cement shipped in January this year represented a 20 percent decline compared to levels in the same month of 2023.

The main figures that are becoming known regarding industry, commerce, construction etc. confirm this. huge decline in sales In the midst of a strong adjustment of public accounts.

Association of Portland Cement Manufacturers (AFCP) The government of Javier Miley reported a decline in sales and expressed its concern about the loss of jobs associated with public works. All disbursements will be stopped.

He Cement is one of the main construction inputs And the decline in sales is a preview of data on the sector’s general activity.

The 772,874 tons of cement shipped in January this year represented a 20 percent decline compared to levels in the same month of 2023.

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casualties of that magnitude They were recorded in recent history only during the economic crisis of January 2019 and January 2020 and the Covid pandemic.

Tough outlook in construction sector

Data confirms that Panorama in construction area Which was experiencing decline from the second quarter of 2023 but at lower rates.

INDEC this week reported construction situation indicators for December and throughout 2023, which showed a decline in construction activity. The year averaged 3% year-on-year.

Construction expectations

For this expectations of the region, According to Indec, among those who work primarily in private, 40.8 percent predicted a decline in activity during the first quarter of this year, while only 6.1 percent expected an improvement. Of those in public, 77.4 percent predicted there would be a reduction in activity.

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The current situation of the sector was assessed “of emergency” by the owner of Argentine Chamber of Construction (Camarco).

The Chamber comprises approximately 1,400 of the estimated 30,000 companies operating in the construction sector. It has been estimated that 220,000 workers in the sector could be suspended if public works remain halted for several months. Approximately 500,000 workers are employed in this sector.

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