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

Mexican construction output fell by 32.3pc in June, on an annual basis, due to soft demand from civil engineering and specialized infrastructure projects, according to data from the National Statistics Agency of Mexico (Inegi). 


Civil construction in Mexico declined 33.6pc in June, compared to the same month last year, as an impact of the COVID-19 pandemic. Construction of new buildings and specialized infrastructure projects fell 31.8pc and 18.2pc, respectively, in the same period, Inegi noted in a release on Tuesday. 


Contracts for construction personnel decreased by 21.3pc, while their hours worked also fell by 21pc, the agency said, adding that at least 100,000 personnel from the construction industry have lost their jobs this year, due to the pandemic. 


Mexico also saw a 22.6pc reduction in its crude steel output  to 1.15mn mt in July this year, from 1.48mn mt in July 2019, according to the latest figures released by the World Steel Association (worldsteel). Both these industries have seen declining outputs, owing to the pandemic. 


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