Both the cost of civil construction and rebar in the greater Buenos Aires area increased in March, according to data released by the nation’s institute of statistics and census, Indec.
According to Indec, cost of civil construction in the greater Buenos Aires area increased 1 percent in March, month-on-month, and 5.7 percent in Q1, year-on-year.
Cost of materials, workforce and general expenses in the third month of the year rose 1.8, 0.2 and 2.5 percent, respectively, in the month-on-month analysis, and 11.2, 0.4 and 15.5 percent in Q1, year-on-year.
Rebar was among the main products whose cost increased the least in the general expenses category. Rebar costs rose 0.6 percent in March, month-on-month, according to Indec’s data.