Argentina’s construction activity up 4% in March in spite of eight holidays

Friday, April 29th 2011 - 21:50 UTC

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A horizon of construction cranes in Buenos Aires city

Argentina's construction activity was up 4% in March from the same month a year ago, the smallest increase in at least 15 months. In comparison, construction activity in March 2010 was up 12.8% on the year.

The seasonally-adjusted data, published Friday by the national statistics agency, Indec, appear to indicate that Argentina's economy is expanding at a slower pace.

But March had two four-day weekends, during which many builders and workers were on vacation. The long weekends were new to Argentina this year, meaning builders didn't have as many days to work as they did in March 2010.

The data showed activity fell 1.8% from February, Indec said. Last year, the measure rose 13.2% on the month.

The following annual sales increases occurred in construction materials in March: cement +1.7%, asphalt +18.5%, bricks +8.6%, rebar +12.4%. The sale of floor materials and ceramic tiles rose 0.8%. Construction paint sales fell 3.4%.

Argentina's construction sector, like manufacturing, has benefited from an economy that expanded about 9% last year and appears to be on track to grow about 6% in 2011. Brazil, Argentina’s main trade partner, windfall earnings from commodities and global liquidity are boosting the country’s economy and the construction industry.

Categories: Economy, Argentina.

Tags: Argentina, construction, Indec.

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briton
Give her a chance
Rome wasnt built in a day ?
Apr 29th, 2011 - 10:25 pm 0
xbarilox
Yup, I feel great because I pay houses for people who don't work but receive money from this government, which of course means votes for Cristina. In this country you invade other people's property and then you only have to wait for the government to give you money and a house that we'll gladly pay. But you try this in Bolivia, go to Bolivia and invade other people's property and you'll see what Evo Morales will do to you, you'd be impaled by Evo Morales people. What a great woman Cristina is, she's brilliant. Isn't she? Let's hear the Argentines living in the USA saying how great Cristina is. One thing is to live here, a different thing is to live in the USA and say that things are great down here. How can you explain this if things are so great? -----------------------------------------> http://pobrezadesalta.blogspot.com/search?updated-min=2011-01-01T00%3A00%3A00-03%3A00&updated-max=2012-01-01T00%3A00%3A00-03%3A00&max-results=4
Apr 30th, 2011 - 02:56 am 0
O gara
if things are as bad as you say in an economy growing 9% per year,Cristina has no hope in the forthcoming elections which will be decided by the Argentines living in the country.Everyone knows that the North of Argentina has serious problems but equally there is no doubt that the country has preogressed enormously under the Kirchners.A simple statistic in 2002 the year before Nestopr came to power car production was around 100,000 units.In 2011 when Cristina has no hope according to you it will reach 800,000.Huge numbers of jobs have been created unlike the disastrous governments of the Alianza and Menem.I dont deny there are serious issues such as inflation but anyone who visits Argentina can see the progress.
Apr 30th, 2011 - 11:23 am 0

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