Overview
- The IBGE released the PAIC results on Wednesday showing the construction industry had 191,000 firms, employed 2.5 million people, and generated R$522.5 billion in incorporations, works and services in 2024.
- The survey reports average monthly pay equal to 2.1 times the 2024 minimum wage overall and higher pay in infrastructure at 2.6 minimum wages while published accounts differ on which non‑infrastructure segment averaged 1.8 versus 1.9 minimum wages.
- Value and employment split roughly evenly between infrastructure (R$200.9 billion; 38.4%) and building construction (R$198.9 billion; 38.1%), with specialized services at R$122.8 billion (23.5%); employment shares were 35.7% in buildings, 34.4% in specialized services and 29.9% in infrastructure.
- Public demand accounted for 33% of total industry value in 2024 and reached 48.2% within infrastructure, underscoring the sector’s reliance on government contracting for large works.
- The 2024 PAIC adopts a CNPJ‑based company count after RAIS was discontinued and breaks the series that began in 2007; the report also shows low market concentration (RC8 = 3.1%), labor as the largest cost item (30.7%), and the Southeast region generating about half of employment and value, shaping how policymakers and investors will now read industry trends.