More direct jobs, more square meters built and growth around 5%. These are the expectations for 2012 by the construction sector, according to website elfinanciero.com.cr.
Gonzalo Delgado, president of the Costa Rican Chamber of Construction (CCC), said that despite a sensitive or even turbulent economy as cited by some experts, the outlook is positive. "However we must be prudent and the sector must streamline its debt in order to avoid having large inventories, so that no (economic) changes take them by surprise," added the manager.
The Chamber expects to close 2012 with the creation of between 8,000 and 10,000 direct jobs more than reported for 2011 (79,000 workers), a condition that goes hand in hand with the growth of the activity.
Source: elfinancierocr.com
More on this topic
December 2011
After five years of numbers in the red, the construction sector will close this year with growth of 4.6%.
According to the Salvadoran Chamber of Construction Industry (Casalco) the execution of public works was one of the factors that contributed to growth.
In an article in Laprensagrafica.com Ismael Nolasco, executive director of Casalco said, "’A very close estimate is 4.6%, which would be a positive increase in five years within the industry. The acceptable performance of public investment has had an influence, of the $1.200 million announced, we have reached a rate of about 60% to 70% of investment, which had a favorable impact on the industry’s performance.’
October 2011
The construction sector grew by 3% in the first quarter of 2011, the first positive change since 2007.
According to the Central Reserve Bank (BCR) in the first three months of the year, gross domestic product (GDP) in the sector rose by 3%.
Ismael Nolasco, executive director of the Chamber of Construction Industry (CASALCO), said, "Since 2007, we have not been positive, only in the third quarter of 2009 have we reached 0.7%."
June 2011
For the first time since March 2009, the sector has shown positive figures in the same month this year.
The bursting of the housing bubble in the U.S. in mid-2008 dramatically affected the Costa Rican construction industry, mainly in coastal areas where tourism projects were being developed which targeted the American public.
April 2012
In February credit for the construction sector reported a growth of 38.22%.
According to the Salvadoran Chamber for the Construction Industry (Casalco), the industry obtained between the months of January and February about $79 million in loans to build and buy homes, representing an increase of 38.22% compared to the same period in 2011.
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