Investments in Mexico: Building boosts construction in Mexico

Investments in Mexico.

 

The construction will have a growth in Mexico similar to the levels that registered before the crisis, that is, above 4%.

The building led the rebound of the construction industry, which in February grew at an annual rate of 5.4%. Accordingly, the performance of January, when it advanced 4.7% and of the whole fourth quarter of 2011 (4.5%), according to figures from the National Institute of Statistics and Geography (INEGI).

The construction industry with the investment sees a very positive performance at the beginning of the year. Analysts believe that the greater investment in infrastructure in Mexico and greater subsidies to buy housing will be driving the sector in the first half.

With the help of the federal government. Analysts of the financial group Ve por Más (BX +) affirmed that this growth is driven by public investment, due to the conclusion of the programs of this sexennium in Mexico.

The national infrastructure program, initiated in 2007, estimates that increased spending in this area could be observed during 2012 and an increase in production.

The building was built. BBVA Bancomer pointed out that at the start of 2012 (January) the building slightly increased its share in the value of construction output to 46%.

However, its growth was lower than the total construction, with a disparate evolution among its components.

In the months prior to February construction of civil engineering or heavy construction works and specialized construction work were the mainstays of the sector's growth, but in February the building rebounded 6%, surpassing the previous ones, INEGI said in Mexico , Followed by the construction of schools, offices and, finally, hospitals and clinics.

Ve por Más (BX +) predicted that the construction sector in Mexico will grow similar to pre-crisis levels, ie, above 4% and higher than the 3.7% in 2011.