Hardware store sales in Central America are projected to register a considerable drop, which would be mainly due to the expected decline in retail sales of paints.
The "Information System for the Impact Analysis of covid-19 on Business", prepared by the Trade Intelligence Unit of CentralAmericaData, measures the impact that the crisis will have on companies according to their sector or economic activity, considering different scenarios for the coming months.
In Guatemala, between January and February of this year, the price of 22-gauge steel sheet fell 2%, and the price of rustic pine formwork wood increased 2%.
The Price Index of Construction Materials -IPMC-, prepared by the National Institute of Statistics (INE), measures the price variations of the eighty-nine (89) materials and services that make up the representative basket of inputs used in the construction activity, using December 2018=100 as the base month.
The impact of the covid19 crisis on the construction sector in Central America is expected to be explained, to a greater extent, by the expected fall in the business of prefabricated steel structures.
During the second month of the year in the country, the price of the sand yard grew 4% compared to the same month in 2018, and the No. 4 stroller foot fell by 12%.
From the General Comptroller of the Republic's report:
In Costa Rica, the price indexes of buildings and social housing registered in the second month of the year, year-on-year variations of -0.90% and -0.89%, respectively.
From the report of the National Institute of Statistics and Census:
The Legislative Assembly approved in second debate a bill that aims to tax in the country the sale and self-consumption of imported or locally produced cement.
The initiative, which was approved in the first debate in the Assembly in mid-February and is still pending approval by the Executive Branch, establishes that the tax will be on imported cement produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product nationally.
In January 2020, investment in new construction, additions and repairs amounted to $109 million, 53% more than reported in the same period last year.
This increase occurs in an unfavorable context, since last year the construction activity in the country continued to decline for the second consecutive period, since between 2018 and 2019 the total investment fell 14%, a rate lower than that reported between 2017 and 2018, of -39%.
After investing $7 million, Grupo Monterrey began operating a factory in the municipality of Amatitlan with the capacity to produce 4 million blocks per month.
The industrial plant, whose facilities have an area of 4 thousand square meters, is located at kilometer 32 on the Pacific route, in the Rancho Grande industrial park. The factory has a mega blocks machine with European technology and a temperature-controlled warehouse for drying the block.
In Guatemala, between January 2019 and the same month of this year the price of the white porcelain sink with accessories rose 5%, and the 3/8" diameter and 20" long rod was reduced 6%.
The Price Index of Construction Materials -IPMC-, carried out by the National Institute of Statistics (INE), measures the price variations of the eighty-nine (89) materials and services that make up the representative basket of inputs used in the construction activity, using December 2018=100 as the base month.
The Assembly approved in first debate a bill that seeks to tax the sale and self-consumption of cement that is imported or locally produced.
The initiative establishes that the tax will be on cement imported and produced nationally, in bags or in bulk, for sale or self-consumption, of any kind, whose destination is the consumption and marketing of the product at the national level, reported the Legislative Assembly.
In Costa Rica, the building and social housing price indexes recorded year-on-year changes of -0.87% and -0.48%, respectively, in January of this year.
From the report of the National Institute of Statistics and Census:
After Monterrey business group completed the construction of its new industrial plant with capacity to produce 120 thousand tons of cement per year, the company is preparing to start selling in the local market.
Construction activity in the country continued to decline for the second consecutive year, as total investment fell 14% between 2018 and 2019, slightly less than the rate reported between 2017 and 2018 of -39%.
The latest report from the General Comptroller of the Republic, explains that in December 2019 the cost of new construction, additions and repairs totaled $56 million, an amount that is 30% less than that reported in the same month of 2018.
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