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

Mexico’s production value index in construction fell 6.5pc in H1 2021, compared to the same period a year ago, according to the National Institute of Geography, Statistics, and Informatics (INEGI).


Two of the three INEGI construction indicators saw their production value decreased from January to June this year compared to the first half of 2020, the production value for building decreased 6.6pc, and the construction of civil engineering works fell 8.2pc; only specialized jobs for construction saw a 1.7pc increase during the same timeframe.


In contrast, the production value in June of this year increased by 3.7pc compared to the sixth month of last year. The specialized jobs index had the highest growth with 22.1pc, followed by the building index with 7.8pc, while the civil engineering index fell 4.1pc.


One of the reasons for the decline in the civil engineering works index was last June’s elections, which usually slows the construction of infrastructure by the government.


On the contrary, in June of this year, the construction of industrial, commercial, and service buildings grew by 20.6pc, while house construction increased 19.2pc, both compared to the same month of 2020.

Leave a Reply

Your email address will not be published.