11/23/2020 5:45 PM
The Department of Studies and Financial Forecasts (DEPF) under the Ministry of Economy, Finance and Administration Reform said Monday, Nov. 23, cement sales at the end of October 2020, up from 3.6% a year earlier. A decline that remains moderate compared to the end of May, when it was -25.1%.
In its economic report for the month of November, the DEPF indicated that the declining pace of cement sales, the main barometer of the building and construction materials (BTP) sector, has been declining almost continuously since the last month of June. from -25.1% at the end of May 2020 to -12.5% at the end of October 2020.
Regarding financing transactions in the real estate sector, home loan growth recovered slightly from June 2020, to + 2.2% at the end of September 2020, after + 1.1% at the end of May 2020 and + 4.5% a year ago. the same source.
For their part, real estate development loans recorded a virtual stagnation at the end of September 2020 (+ 0.2%), bringing total real estate loan growth to + 1.6% from + 3.4% a year earlier , the same source notes.