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Construction prices grow 0.56% in February

Section: Economic Statistics | Caio Belandi

March 11, 2022 09h00 AM | Last Updated: March 11, 2022 02h47 PM

Parcel of construction material contributed to the rise in February - Photo: Licia Rubinstein/IBGE News Agency

Released today (11) by the IBGE, the National Index of Civil Construction (Sinapi) rose 0.56% in February, 0.16 percentage points (p.p.) below the January´s rate, which was 0.72%. Therefore, the cumulative index in the two months of 2022 is 1.28%. The cumulative index over the last 12 months was 16.28%, below the rate of 17.17% recorded in the 12 immediately previous months. The index was 1.33% in February last year. 

“The February´s rate shows that the segment of civil construction is resuming rates closer to the pre-pandemic period, after a period of atypical rises. It happens since the second semester of 2021,” states Augusto Oliveira, manager of the survey. The national cost of construction by square meter was R$1,533.96 in February, being R$922.86 relative to materials and R$611.10, to workforce.

“After registering a lower rate in January, the result of the parcel of materials grew in February, influencing the Sinapi,” explains Oliveira. The parcel of materials rose 0.77% or 0.14 p.p. over January (0.63%). Compared with February 2021 (2.35%), it dropped 1.58 p.p. 

The rate was 0.23% in the case of costs of workforce, falling 0.64 p.p. in relation to January (0.87%). It increased 0.21 p.p. in the comparison with February a year ago (0.02%). 

In the cumulative indicator in the first two months of 2022, the parcel of materials increased 1.40%, whereas that of workforce rose 1.10%. Considering the results of the last 12 months, the index is 23.29% for materials and 7.10% for workforce. 

Amapá has the highest rise, followed by Sergipe

Amapá was the Federation Unit with the highest rise in the state division. That state registered a rise in the parcel of materials and an adjustment in the professional categories, closing the month with an increase of 4.91% in the cost of civil construction. 

Sergipe ranked in the second position, with 1.31%. The northeastern state recorded a rise in salaries and individual agreements in some enterprises, which managed to adopt new minimum wages. “Yet, an agreement between the civil construction union and the workers´ union was not approved. Therefore, it did not hit the entire sample of Sergipe,” highlights the analyst. 

In regional terms, the highest rise was registered in the North (0.74%), for which Amapá and an increase in the parcel of materials in five states contributed. The other regions recorded the following figures: 0.56% (Northeast), 0.53% (Southeast), 0.53% (South) and 0.52% (Central-West). 

In terms of regional costs per square meter, the South ranked in the first position (R$1,608.41), followed by the Southeast (R$1,588.16) and North (R$1,536.33). Central-West (R$1,523.16) and Northeast (R$1,441.22) completed the list. 

More about SINAPI  

The National System of Costs Survey and Indexes of Construction – SINAPI, a joint production of IBGE and Caixa Econômica Federal – Caixa, aims at producing monthly series of costs for the housing sector, and monthly series of median wages for workforce and median prices for materials, construction machinery and equipment and services for the basic sanitation, infrastructure and housing sectors. 

SINAPI statistics are fundamental in investment programming, especially for the public sector. Prices and costs support the preparation, analysis and assessment of budgets, while indices enable the updating of expense values ​​in contracts and budgets. Please access the data on Sidra.

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