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With drop in materials, construction prices change 0.17% in May

Section: Economic Statistics | Vinícius Britto

June 11, 2024 09h00 AM | Last Updated: June 11, 2024 01h42 PM

Share of materials changed  -0.05% in May, lowest rate of the year - Photo: Helena Pontes

The National Civil Construction Index (Sinapi), released today (11) by the IBGE, showed a change of 0.17% in May, a drop of 0.24 percentage points (pp) in relation to April (0.41%). Thus, in the last 12 months, the increase is 2.31%, a result below the 2.51% recorded in the previous twelve months. The cumulative result for the year registered 0.99%. In May last year, the monthly index was 0.36%.

The national cost of construction, per square meter, which closed at R$1,736.37 in April, rose to R$1,739.26 in May, with R$1,006.80 relating to materials and R$732.46 to labor force.

The share of materials showed a negative change of 0.05% in the month. “This is the lowest rate of the year for materials, with a drop of 0.16 percentage points compared to April. Despite this, the rate still represents an increase of 0.19 percentage points when compared to May 2023”, highlights Sinapi manager, Augusto Oliveira.

The share of labor force recorded a rate of 0.44% in May. “Despite the agreements signed in the month, the result observed in the share of labor force registered a drop both in relation to April, of 0.37 percentage points, and to May of last year, of 0.78 percentage points", pointed out the manager of the survey.

In May, Acre records the biggest increase

Acre was the state with the highest rate in May, 2.16%, followed by Maranhão and the Federal District, 1.88% and 1.60%, under the same conditions.

“The influence of the share of labor force in the aggregate index led Acre, Maranhão and the Federal District, locations that had collective agreements, to record the highest rates for May 2024”, explains Mr. Oliveira.

North Region records highest monthly change in May

The North region, with an increase in 4 of its 7 states, had the highest regional change in May, 0.34%. The other regions presented the following results: 0.30% (Northeast), 0.06% (Southeast), -0.03% (South) and 0.32% (Central-West).

More about Sinapi

Sinapi, a joint production of IBGE and Caixa, aims at producing monthly series of costs for the housing sector, and monthly series of median wages for labor force and median prices of materials, machinery and equipment and construction services for the basic sanitation, infrastructure and housing sectors.

Sinapi statistics are fundamental in investment planning, especially for the public sector. Prices and costs help in the preparation, analysis and evaluation of budgets, while indices make it possible to update expense values ​​in contracts and budgets.

Data from the National Index of Civil Construction Costs and Indices are available on Sidra. Sinapi's next release, for the month of June, will be on July 10th.

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