You are here: Home > Steel News > Latest Steel News > Brazilian...

Brazilian civil construction performance declines but remains high in October

Wednesday, 23 November 2022 22:05:29 (GMT+3)   |   Sao Paulo
       

The level of activities and employment in the Brazilian civil construction industry declined in October from the previous month, according to the industry association CNI.

However, as the decline occurred after four consecutive months of significant increases, the level of activities and the number of employees in the sector remain at a high level, with the utilization rate of the operational capacity reaching 68 percent, the highest figure for a month of October since 2013.

Conversely, the expectations of the sector entrepreneurs have declined from October to November, as they have shown less intentions to buy raw materials or to hire more employees, while they show less optimism in relation to the launching of new projects, or to the level of activities of the sector during the coming months.

According to CNI, the negative mood reflects chiefly their pessimism in relation to the future of the Brazilian economy.

The research was developed between November 1-10, involving representatives of 380 companies.


Similar articles

Brazilian civil construction sector shows stability in July

29 Aug | Steel News

Brazilian civil construction activities remain in downtrend

05 Jan | Steel News

Brazilian civil construction activities show seasonal decline in December 2022

24 Jan | Steel News

ArcelorMittal enters pre-built construction market in Brazil

15 Dec | Steel News

Brazilian civil construction performance improves again in August

20 Sep | Steel News

Brazilian civil construction performance improves in July

17 Aug | Steel News

Raw material costs are main problem for Brazilian civil construction sector

25 Jul | Steel News

Brazilian civil construction sector forms third group to import rebar from Turkey

13 Jun | Steel News

Brazilian civil construction sector forms second group to import rebar from Turkey

07 Jun | Steel News

Brazilian civil construction activity declines slightly in April

02 Jun | Steel News