Cement sales reached their highest level in two years in October, marking a turning point for the construction sector and highlighting signs of a strong economic recovery in the country.
According to data from the Portland Cement Manufacturers Association (AFCP), dispatches grew by 5.5% compared to September and 5.4% in seasonally adjusted terms, the highest jump since April. With this improvement, activity is now just 11% below the average for the 2014-2023 period, excluding the pandemic years, the lowest gap so far this year.
The cement rebound not only reflects higher demand for materials but also a shift in expectations within the private sector. Analysts explain that the combination of a more competitive real exchange rate, lower interest rates after the elections, and the macroeconomic stability achieved by the government of Javier Milei creates a favorable context for investment in private works and infrastructure projects.
