In the last 12 months —December 2017-November 2018— construction GDP expanded 5.77%, its best performance in the last five year-on-year periods, thus reversing the poor results from the previous years, private-run
"Although the general economic activity
has increased in the last 12 months, it should be noted that, unlike the last terms, the annual construction activity achieved a better outcome than the country's global economy," it expressed.
According to Capeco, the sector's recovery in 2018 was significant, but it was below the performances registered in 2013 (8.96%), 2012 (15.82%), and 2010 (17.84%).
On the other hand, the construction activity
rose 5.62% between January and November 2018. This represents the best result in the last five years and a clear boost compared to 2017 (1.74%).
Likewise, Capeco affirmed the sector will obtain the best annual projected result from the last quinquennium.
Furthermore, in November 2018, said sphere posted a 13.54% increase compared to the same month the previous year. It was the segment's best result since April (10.18%).
In addition, the greater rhythm of this sectoral activity in November was underpinned by the performance increase in construction GDP's two main components (public works and domestic cement consumption).