Rebar costs stable in greater Buenos Aires area in May

Thursday, 23 June 2016 11:41:02 (GMT+3)   |   Sao Paulo
       

Rebar costs remained stable in the greater Buenos Aires area in May, according to data released this week by the nation’s institute of statistics and census, Indec.

Rebar was among the main products whose cost declined, or increased the least, in the general expenses category in May, on a month-on-month basis.

According to Indec, rebar costs was stable with a slight 0.2 percent growth in May, month-on-month. 

The cost of civil construction in the greater Buenos Aires area rose 2.2 percent in May, month-on-month, and 18.3 percent in the January-May period, year-on-year.

Cost of materials, workforce and general expenses in May rose 1.9 percent, 2.3 percent and 3.1 percent, respectively, month-on-month, and 15.7 percent, 18.9 percent and 27.1 percent in the Jan-May period, year-on-year.


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