US EditionConstruction sector projects 4.1% increase in activity in 2024, but predicts 2025 to be more 'challenging'
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President of Cbic, Renato Correia cites concern about the impact that the acceleration of the increase in the Selic rate, which may reach 14.25% at the end of March, may have on launches
The GDP (Gross Domestic Product) of civil construction is expected to end 2024 with a growth of 4.1%, according to data released yesterday (16) by the Brazilian Chamber of the Construction Industry (CBIC). The percentage is higher than the 3.5% forecast last October. For 2025, the projection is lower - an increase of 2.3%. The improvement in the indicator of this [...]
From January to September, sales of new apartments rose 20%; 'construction companies must invest in popular properties in 2025', predicts expert The post Construction Sector grows 4.1% in 2024 appeared first on Monitor Mercantil.
The Brazilian Chamber of the Construction Industry (CBIC) revised its expectations for civil construction GDP growth in 2024, now projecting an increase of 4.1%. This new estimate is significantly higher than the previous forecast of 1.3%. Throughout the year, the projections were adjusted in several steps, starting with 2.3% in April, rising to 3.0% in July and 3.5% in October. In the first three quarters of 2024, the sector has already registe…
Brazilian civil construction ends 2024 with growth of 4.1%, well above the initial forecast. At the beginning of the year, the Brazilian Chamber of the Construction Industry (CBIC) predicted an increase of 1.3%. Since then there have been four revisions upwards. Read more (12/16/2024)
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