El Salvador: Optimism in the Construction Sector

The guild expects 2018 to close with a 7% growth in activity, and for 2019 is forecasted a higher rise, which would range between 8% and 10%.

Tuesday, December 18, 2018

The Salvadoran Chamber of Construction (Casalco) expects the industry to perform well this year and in 2019, which is reflected in reported increases in cement consumption, issuance of loans to the sector, and other indicators.

See "Construction: $100 Million for New Projects"

Elsalvador.com reviews that "... Casalco also counted the real estate developments for the 2017 and 2019 period, a work which reflected that there are more than 200 projects that are in different phases, between planning, processing, construction and completed.
The investment in the mentioned period totals 1,835.4 million dollars and includes housing, commerce, offices, integrated projects and lots, among others. The apartments for the middle and upper-class segment stands out among the projects on which the builders are investing the most.
"

Also see "Almost $1 Billion in New Office Construction"

The article adds that "... There are other indicators also reflecting the good performance of the industry, such as the 26% increase in cement consumption compared to last year, and the generation of jobs, which up to August 2018 totaled 22,959, when that same month of the previous year were 22,615. In fact, the Salvadoran Banking Association (Abansa) confirmed last week that credits for industry (in general) increased by 38 % until October this year."

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More on this topic

Builders Project Investments for $1.4 billion

March 2018

The Salvadoran union for the sector foresees that investments in construction between 2018 and 2019 will add up to $1.4 billion, driven mainly by the execution of several public projects.

The Salvadoran Chamber of the Construction Industry (Casalco) reported that with the investment estimated for this and next year, it is expected that about 136 thousand jobs will be created. 

Guatemala: Bleak Outlook for Construction

August 2016

A bureaucracy that keeps delaying delivery of construction licenses, is now joined by a possible cement tax proposed by the government.

Entrepreneurs in the sector anticipate a relatively poor performance for the sector in the remainder of the year, although no significant increases are expected in the prices of materials in general. The possibility that the proposal to levy $0.65 per sack of cement actually materializes comes on top of problems faced in obtaining building permits, which has forced some projects to grind to a halt.

Construction Sector Not Growing in El Salvador

December 2013

Lack of private sector confidence in the government and excessive bureaucracy prevented greater investments being made in this industry during 2013.

The construction industry describes 2013 as a year of stagnation, it is estimated that the Gross Domestic Product (GDP) of the sector will be 0% even though the previous year it closed at -2.4%.

Cement Consumption Down by 31.8% in El Salvador

March 2009

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.

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."

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