Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Mexico’s construction output fell by 24.2pc in October on an annual basis, according to the the National Statistics Agency (Inegi).


Construction of civil engineering works were down by 25.7pc in October over the prior year period. Meanwhile, construction of new buildings and of specialized infrastructure projects, both declined by 23.9pc, respectively, in the same period, 


In October, construction contracts for industry personnel decreased by 19.7pc, and works hours fell by 19.6pc, Inegi reported.


Despite months of decline in the construction industry due to the COVID-19 pandemic, Mexico’s steel production rose by 1.1pc to 1.47mn mt in October from 1.45mn in the same month of 2019, with higher demand from the automotive industry.



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