The sale of building materials in November down 5.5% year-on-year and 7.1% year-on-year, according to the Construya Index (IC).
In the cumulative January-November 2025, the CI recorded a year-on-year improvement of 6.0%. This indicator measures the evolution of construction products sold to the private sector produced by the companies that make up it.
“In the second half of the year Industry activity was negatively impacted by high financial volatilityto which the unfavorable climatic factor was added at times,” they emphasized from Construya.
In 2026 there will be economic growth with two key challenges
The report added that “to the extent that the The planning horizon continues to clarify, As interest rates fall and credit supply rebounds strongly, real estate investment and construction activity will look encouraging.”
The indicator is based on measuring the evolution of volumes sold to the private sector by leading companies of the Construya Group: Ceramic brick, Portland cement, lime, long steel, aluminum joinery, Adhesives and pastes, waterproof paints, sanitary ware, boilers and home and heating systems, taps and water pipes, ceramic floors and coverings.
Current data from INDEC
In October 2025, the synthetic indicator of construction activity (ISAC) showed a 0.5% monthly decline and an increase of 8% compared to the same month last year. The cumulative value for the ten months of 2025 recorded an increase of 7.9% compared to the same period in 2024.
“These results should be read with caution: The annual growth is largely due to the low comparable base that remains through 2024“currently more than a solid stimulus,” they stated from CEPEC.
And they added: “October left a stable outlook, but was far from recovery. The slight improvement in the trend cycle index does not change the general situation: Construction activity remains at a low level and still shows no clear signs of sustained reactivation.”
In the survey conducted by INDEC for the November 2025 to January 2026 quarter, 68.5% of companies that carry out mainly private work expect that the level of activity in the sector will not change, while 21.0% expect a decrease and 10.5% expect an increase.
Companies primarily engaged in public works include 59.8% believe that activity levels will not change during this period, while 24.7% believe it will decrease and 15.5% believe it will increase.
LM
About The Author
