The Department of Studies and Financial Forecasts (DEPF), indicated that cement sales, the main barometer of the building and public works (BTP) sector, continued to improve at the end of the first ten months of 2021, registering an increase of 16.1%, after a decline of 13.2% a year earlier.
In its economic report of November 2021, the DEPF specifies that this development concerned all segments, in particular, ready-mixed concrete (+ 24.6%), distribution (+ 14.7%), PREFA concrete (+ 21.2%), construction (+ 11.4%) and infrastructure (+ 1.6%).
Compared to their level at the end of October 2019, these sales increased by 0.8%, adds the same source.
Regarding the financing of real estate activity, housing loans increased by 6% at the end of September 2021, after + 2.2% a year earlier. On the other hand, those granted to real estate development remain down by 10.8%, after -8.1% at the end of June 2021 and + 0.2% a year earlier.
Given these developments, loans allocated to real estate increased by 3.4% at the end of the first nine months of 2021, after + 1.6% a year ago.