Economic indicators

Building material recorded 16.8% drop in sales in September

09.10.2015

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Brazilian Association of the Construction Material Industry indicates a reduction in business compared to August 

Accumulated since January, there is a decrease of 11.4% and over the last 12 months, a decrease of 10.2%.

Building materials sales in the country fell 16.8% in September, compared to the same month last year and 2.3% on last August. Accumulated since January, there is a decrease of 11.4% and over the last 12 months, a decrease of 10.2%.

The data are from the Brazilian Association of the Construction Materials Industry (Abramat), indicating a reduction in business compared to August, when it was registered an increase of 4.11%.

"Sales in the real estate and infrastructure showed sharper declines, due to uncertainty about the economy, postponing the completion of the projects," he said through a statement, the president of Abramat, Walter Cover.

According to him, in addition to poor performance on construction affordable housing linked to My House Project, My Life, mainly to decreased demand in the stores of the retailer.

"The retail market, which in recent years had been growing at very high rates, is also suffering because of rising unemployment, income and credit restrictions."

According to Walter Cover, the country must quickly complete the adjustments in the economy to return to growth.

While recognizing the valued dollar favors the sector through the replacement of imported items, the business leader said missing definitions of the exchange rate policy, so that it can project the real benefits of this change.

Source: Economic Brazil

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This article was translated by an automatic translation system, and was therefore not reviewed by people.