Construction and repairs in the residential segment raised the construction sector during the first five months of 2021.

The Comptroller General reported that, between January and May, investments in construction and repairs in the residential segment increased 47.7%, to close at $239.4 million.

Including the commercial or non-residential sector, investments in new construction and repairs totaled $296.8 million through May, an upturn or recovery of just 2.6%.

The Comptroller also reports that investments in non-residential projects decreased 55.1% in the first five months of the year, to $57 million.

Despite the 2.6% rebound in construction in the first five months of the year, the industry is still 26% below the numbers that this sector of the economy had during that same period in 2019.

In his speech before the National Assembly,  on July 1 President, Laurentino Cortizo said that in the coming months more than 214 projects will be promoted that represent an investment of more than  $1.824 billion, which will generate about 4,000 jobs in different parts of the country.