Argentine construction grows +10.5% in 1st half

Construction output in Argentina grew +10.5% in the first half of the year, compared to the same period in 2010, according to a report from the Universidad Argentina de la Empresa (UADE), a business school.

The report, prepared by UADE's faculty of economics said the trend was a continuation of growth which began in 2010. Among key indicators, it said cement sales were up +15.6% in the first half of the year, rebar was up +10.8% and sales of asphalt equipment rose 8.2%.

However, the report also noted that the number of homes for sale fell -21% in the first half of the year and the supply of rental properties was down -28.9%. It said this may have been due to a shortage of land and high property prices.

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