Cement Consumption Down by 31.8% in El Salvador
At the close of 2008, consumption reached 1.7 million 42.5 kilogram bags, 31.8% less than the 2.5 million bags in 2007.
Wednesday, March 11, 2009
According to what Ismael Nolasco, executive director of the Salvadoran Construction Industry Chamber (CASALCO), informed La Prensa Gráfica: "The expectations of the sector are for a considerable reduction in annual cement consumption compared to last year mainly due to lack of credit for private investment and the uncertainty about the speed that the new government will print the implementation of public infrastructure projects after June 1."
In the first 11 months of the year, Salvadoran companies sold 24.57% less in average.
From January to August 2009, sales of goods dropped 5.8% when compared to the same period of 2008.
In 2009, construction permits increased 11.34%, while home sales dropped 7%.
Due to the economic crisis, various sectors of the economy closed this March with lower sales than those in March 2008.
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