Argentina's November Construction +17.2% On Yr; +3.3% On Month

Argentina's construction activity rose 17.2% in November from the same month a year earlier in seasonally adjusted terms, the national statistics agency, Indec, reported Wednesday.

Construction activity last month increased 3.3% from October in seasonally adjusted terms, Indec said.

The following annual increases were observed in construction materials in November: cement 30%, asphalt 28.8%, bricks 23%, rebar 9.2%, paint 4.6% and ceramic tiles 4.2%.

A survey of companies engaged in public-works projects showed that those companies expecting an increase in their business next year jumped to nearly 39% from 29% in the same poll conducted in October. As for companies engaged in private-sector construction projects, those expecting an improvement in business more than doubled to nearly 36% from 14% a month earlier.
By Ken Parks, Dow Jones Newswires