Brazil: Cement sales in Brazil rose by 3% year-on-year to 6.2Mt in July 2026, according to the National Cement Industry Union (SNIC). Year-to-date sales reached 39Mt, up by 2% year-on-year. The North and Northeast regions maintained growth, while the other regions recorded stable sales, with the exception of Southern Brazil, which was affected by heavy rains.
Sales of construction materials fell by 3% in the first half of 2026. In the real estate market, sales grew by 4% in the first quarter of 2026, while new project launches fell by 5%. The Minha Casa, Minha Vida housing programme, which accounts for 49% of housing supply, recorded a 10% rise in sales but a 10% fall in new launches year-on-year.
SNIC president Paulo Camillo Penna said "The resilience of sectoral sales is underpinned by positive labour market indicators, with record highs in employment and a decline in informality. However, this momentum is constrained by high household indebtedness and an outlook of persistent pressure from interest rates and inflation, alongside a recurring labour shortage. Furthermore, the geopolitical environment has deteriorated significantly regarding relations with two of our key trading partners: the US and Argentina."