Brazilian cement sales edge up in 1H19

Brazilian cement sales edge up in 1H19

Cement sales in Brazil in January-June 2019 increase 1.5 per cent Year-on-Year (YoY) to 25.8Mt, according to the country's cement association, SNIC. In June 4.2MT of cement were sold, down 15.7 per cent YoY.

In terms of domestic sales per working day increased 1.8 per cent MoM, but fell 7.9 per cent when compared with June 2018.

The performance of June ended up adjusting the high expansion of May 2019, which originated the very low performance of the same month of the previous year occasioned by the strike of the truck drivers. This expansion of 1.5 per cent in the first half was expected by our forecast. The expectation for the second semester is of a much more robust growth, it said. Industry performance is driven by the real estate market, which remains robust.

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