“The construction sector is keeping pace with the expansion of the national economy,” states the Association of Civil Construction and Public Works Industries (AICCOPN) in the “Construction Trends — Quick Information,” released today.
In September, unemployment in the sector continued its downward trend observed throughout the year, with a decrease of 10% compared to the same month in 2024, “reflecting a revitalization in the labor market,” according to the association.
The credit stock of companies in the sector with banks increased by 8.6% year-on-year, reaching 6,820 million euros.
Cement consumption in the national market remained at levels similar to 2024, with a slight variation of 0.2% by the end of September.
The AICCOPN highlights that in the public works segment, there is “continued solid growth”: The total value of tenders held in the first nine months of the year reached 8,624 million euros, a 33% increase year-on-year.
During the same period, the value of public tender contracts awarded amounted to 5,345 million euros, significantly driven by the contract for the Porto-Oiã High-Speed Line, worth 1,661 million euros.
In the housing segment, 27,295 new construction units were licensed between January and August 2025, representing a 23.1% year-on-year growth.
The area licensed for housing showed an increase of 18.1%, while the area licensed for non-residential buildings declined, “demonstrating an asymmetrical evolution among different segments of the real estate market.”
The association asserts that the overall indicators related to the construction sector thereby reveal a “favorable evolution.”
