New construction projects decreased by 92% in May

According to iConstruye, a digital platform linked to the Chilean Chamber of Construction, the number of new projects barely reaches 10 per month, versus the industry average of 50 per month before COVID-19. The data also shows that the start of new projects fell 86% in April in relation to the same month in 2019. Meanwhile, in May, the drop was even lower at 92%.

Source: La Tercera