Civil construction assesses the possible impacts of the invasion of Ukraine on the sector in Brazil.
The CBIC (Brazilian Chamber of the Construction Industry) fears the decrease in economic activity with a possible retraction in Brazilian investment in real estate motivated by high inflation, which should push interest rates up.
One of the main concerns is the increase in commodities such as iron ore, aluminum, copper and oil, in addition to the possible increase in freight.
In the assessment of the entity, the movement may further raise the prices of inputs used in construction, which, since mid-2020, have already put pressure on the sector’s costs.
With the war, economists have raised inflation projections for Brazil. The IPCA should be in the range of 6% by the end of 2022, but a greater advance is not ruled out.
Joana Cunha with Andressa Motter and Ana Paula Branco​
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