São Paulo – The Brazilian building material industry saw a 3.1% increase in sales May-on-May, according to the Brazilian Construction Material Industry Association (Abramat). May-on-April, sales were up 1.6%. Year-to-date, sales were up 4.4%, a rate that should be in keeping with the average expected for the remainder of the year: 4.5%.
“The industry’s performance this month is the third consecutive month-on-month increase, after a decline was recorded in February,” explains Abramat chairman Walter Cover. He says results in months to come will depend on government policies, such as consumption incentives and infrastructure projects.
Translated by Gabriel Pomerancblum
