Sinapi

Cost of civil construction rises 0.25% in February

Section: Economic Statistics | Cristiane Crelier

March 11, 2020 09h00 AM | Last Updated: March 11, 2020 10h58 AM

Construction costs per square meter hit R$1,165.13 in February - Photo: Licia Rubinstein/IBGE News Agency

Released today (11) by the IBGE, the National Index of Civil Construction - Sinapi rose 0.25% in February, standing below the rate of 0.30% of the previous month and above that of February 2019 (0.21%). Concerning the last 12 months, the rate stayed at 3.95%, close to the rate of 3.91% registered in the 12 immediately previous months. The index accrues 0.55% in the year.

Augusto Oliveira, manager of the survey, highlights that the change over the last two months was very small, standing close to stability. "There were no collective work agreements yet and the professional categories are not earning gains, the cost of the workforce did not rise and even dropped a little. So materials mostly influenced the change of the index", explains Oliveira.

The national cost of construction by square meter changed from R$1,162.24 in January to R$1,165.13 in February, being R$612.61 relative to materials and R$552.52, to workforce. The parcel of materials changed 0.53%, a less intense rise than in the previous month (0.62%) and in February 2019 (0.55%).

On the other hand, the value of workforce recorded -0.06% in February, the same change reported in January. Having registered -0.15%, the drop was less significant than in February 2019. The cumulative figures in the first two months of 2020 were 1.15% (materials) and -0.12% (workforce) and, in 12 months, they stayed at 4.97% (materials) and 2.80% (workforce).

The Northeast posted the highest regional change in February: 0.36%, with rises in all the states of the region. Having registered 0.57% in the parcel of materials, Bahia recorded the highest monthly change. The lowest changes were reported in the North (0.03%) and South (0.16%). The Southeast recorded 0.25% and the Central-West, 0.23%.

The regional costs per square meter were R$1,176.06 in the North, R$1,076.40 in the Northeast, R$1,213.94 in the Southeast, R$1,225.25 in the South and R$1,173.73 in the Central-West.