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After generating 430 thousand new jobs, civil construction should grow 4.5% in 2023, says study

The civil construction sector registered more than 430 thousand new vacancies with a formal contract between March 2020 and May 2022, according to a survey by the Brazilian Chamber of Construction Industry (CBIC). Based on these data, Prospecta Analytica, a Big Data solution company, carried out a survey that showed the expansion of the sector this year and for the following year.

According to Wanderson Leite, CEO of Prospecta Analytica, the forecast for 2023 is for a growth of 4.5%, if the economy remains without major losses or crises.

“What will drive this increase will be the stability of the price of construction materials and an improvement in the country’s economy, generating consumer confidence and impacting property sales and new financing”, he says.

Residential construction and home renovations are also highlights for next year. “There is an increase in new projects designed for ground floor works. That is, these constructions will be carried out in the coming months and will continue throughout 2023”, he says.

Scenario for 2022

The data showed that, for the second consecutive year, the sector’s growth is above the national economy.

The number of new works and projects grew by 3% in the first half of this year, compared to the same period in 2021. In the same period, 155,507 thousand jobs were created, an increase of 6.74%. The month of July this year generated 32,000 new jobs in civil construction.

The sector’s employment generation results in the first half of 2021 and 2022 are the best for the period since 2012.

São Paulo was the state that generated the most jobs this year. In February 2022 alone there were 12,540. Rio de Janeiro comes in second with 3,601 new jobs in the same month.

The construction of buildings was responsible for 49.78% of new jobs in the sector.

For Leite, this analysis allowed him to understand what is happening in the market. “During the pandemic, there was an expressive number of renovations at home, because with the work at home office, people were forced to improve both the space for office and leisure. This has given the construction trade a breather,” he said.

He explained that the delay in growth was due to the lack of construction materials and the increase in raw material prices, causing a pause in the industry and a reduction in staff. “This happened mainly in the industry of copper and porcelain materials, such as sanitary ware and coatings”, he points out.

In early 2022, the price began to stabilize, at which point construction picked up again. This also reflected in the stabilization of the value of the square meter built, which is on average R$ 1,661.85.

This scenario, according to Leite, projects that the sector will end this year with an increase of 3%, compared to 2021.

“The construction industry should end the year employing 3 million people, directly and indirectly”, he says.

Source: CNN Brasil

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