2015 Cement Sales Decrease 2.5%
Cement sales in Puerto Rico decreased to 939 bags in November. This is the lowest amount in more than three decades and reflects a 2.5% decrease when compared with the same month last year.
Cement sales represent an early indicator of construction-industry activity.
In the first 11 months of the year, sales decreased 8.0%. In 2014, sales decreased 9.8%, which was the second decrease after two years of increases.
Cement sales have been affected by the drop in the home-construction market and a lack of resources from the government to invest in public works. Prior to the economic crisis, which began in 2006, more than 40 million sacks of cement were sold. Meanwhile, local cement production increased 1.7%, going up to 1,084, 95-pound sacks in November, which was the first increase in 11 months.
Between January and November, production has fallen 14%. In 2014, production decreased 1.9%, after two years of increases.
BY LUISA GARCÍA PELATTI