Analysis: Booming construction activity in Brazil reaches highest level in the last 10 years

The construction industry’s value add remained strong in the first quarter of 2022 and posted a growth of 9% year-on-year (YoY) that quarter; preceded by YoY growth of 12.2% in Q4 and 10.9% in Q3 2021, according to the Brazilian Institute of Geography and Statistics (IBGE).

The Brazilian construction industry continued to perform on a positive note in April 2022, as is evident in newly released data showing that the construction activity and average employment level in the first four months of 2022 reached the highest levels since 2012.

Moreover, the construction industry’s value add remained strong in the first quarter of 2022 and posted a growth of 9% year-on-year (YoY) that quarter; preceded by YoY growth of 12.2% in Q4 and 10.9% in Q3 2021, according to the Brazilian Institute of Geography and Statistics (IBGE).

According to the latest Construction . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?