Unions and employers are negotiating an adjustment in salaries and a revision in the prices of the different types of jobs performed by workers.
Businesses are demanding adjustments are accompanied by higher labor productivity and are concerned about the growing number of construction companies that are moving into informality, however, they are confident that the agreements will be made as expeditiously as in the past three. This time they are also seeking to revise and update prices established for each of the construction activities.
During the first quarter of the year the value of buildings, additions and repairs totaled $119 million, compared to $98 million last March.
Data from the National Institute of Statistics and Census of the Comptroller General of the Republic reveals that in April, $82.5 million corresponded to residential projects, while $36 million was for commercial construction, and that 951 projects were developed with a total of 320,499 meters square .
Optimism has waned on the part of the Chamber of Industries of Costa Rica who predict slower growth of activities in the sector, estimating it at just 3%.
A press release from the Chamber of Industry reads:
November 2012. A year that started with great expectations, but whose behavior has changed with the passing months. This is the summary for 2012 of Costa Rican industry, a period that is closing with positive numbers for the industry, but not the growth envisioned at the start of the year.
The current dynamism originates from industrial production from the U.S. whose economy, although growing, remains fragile and vulnerable to the outcome of the European crisis.
Economic Situation Report for June 2012 prepared by Aldesa:
In April, the Monthly Economic Activity Index (IMAE) reached a variation of 7.2%. The index shows that economic activity has gained momentum during the first part of the year. The average growth in the first 4 months is 7.4%.
Between January-April 2012, the Monthly Economic Activity Index (MEAI), measured in terms of the original series, grew 9.1 percent compared with same period in 2011.
The sectors that added the most dynamism to the economy were construction, mining and quarrying, transport, storage and communications, community, social and personal services, hotels and restaurants, electricity and water, trade, private health, financial intermediation and public administration. The rest of the activities had a positive impact, but to a lesser extent, with the exception of fishing, which continues to show limitations for the period in question.
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