Brazil Construction Sector Quarterly Report 2023 Q3

In December 2022, the Brazilian Chamber of Construction Industry (CBIC) had forecast a growth of 2.5% y/y for construction in 2023, above the national economy growth rate for the third consecutive year. However, in April 2023, the CBIC lowered the sector's growth expectations for the year. Considering the reduction in expectations for the performance of the Brazilian economy and the uncertainty surrounding the future direction of interest rates, the CBIC reduced the sector's growth expectations to 2% y/y. By the end of July 2023, CBIC once again adjusted its growth forecast for the construction industry's GVA to 1.5% y/y for 2023. This marked the third consecutive reduction in the year. The rationale behind this adjustment is attributed to several factors, including the prolonged period of high interest rates, delays in announcing the new conditions of the My House My Life (MCMV) housing programme, and a decrease in real estate project launches during the initial months of the year.

This report provides a complete and detailed analysis of the "Construction" sector for Brazil. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Construction" sector in Brazil
• Crystallise the forces both driving and restraining this sector in Brazil
• Ascertain Brazil’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Brazil.
• Build a clear picture of trends, output and consumption for specific sub-sectors