Construction material industry in Brazil forecasts growth of 12% for 2010
Posted: 10/13/10 with the tags Economy in Brazil Property market
The construction material industry in Brazil is forecasting an increase of the sales of construction material in Brazil of between 10 to 12 % for the year of 2010. The industry forecasts that the industry sales will double by the year of 2016 compared to today’s yearly sales of 96 billion R$ BRL.
Currently, the construction material industry represents 9,2% of the growth in the Brazilian GDP and is operating at 88% of the potential capacity with the existing infrastructure.
The increasing sales numbers is a reflection of the extremely well performing real estate market in Brazil, which is undergoing a very rapid expansion in Brazil. The economical growth in Brazil is currently growing at rates close to 9%, and the Brazilian property market is benefiting greatly as an ever-increasing number of Brazilian families are buying houses to live in instead of living on rent.