Public and private works will boost construction growth of 10% in Nuevo León
Camara Mexicana de la Industria de la Construccion | May 03, 2023 |

The construction sector of Nuevo León will have a strong boost this year, with an expectation of growth of 10%, because it would be balanced with 80% private works and 20% public works, he told El Economista, Roberto Macías Quintanilla, president of the Mexican Chamber of the Construction Industry (CMIC) Nuevo León.

The government of Nuevo León is building the El Cuchillo II aqueduct; the Liberty Dam; the La Gloria Colombia highways and the construction of Metrorrey lines 4 and 6 has already begun. According to the Quarterly Indicator of State Economic Activity (ITAEE), during the past year, the state economy had a percentage variation of 2.1%, compared to the same period in 2021.

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The primary activities showed a growth of 6.1%, the secondary (mining, manufacturing, construction and electricity) had a variation of 3.9% and the tertiary 1.1 percent.

In the fourth quarter, the state's economic activity registered a variation of 3.3% at the annual rate, while by economic sectors, the primary reported growth of 3.6%, secondary activities 2.9%, and tertiary activities 3.4%, according to data. of the National Institute of Statistics and Geography (Inegi).

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In particular, the production value index of the construction sector, which includes residential construction, civil engineering works and specialized work.

"In terms of growth, the average annual rate in the months of the period (March 2020-January 2023) for the construction sector was -3.33%, contrasting with the counterfactual growth of 4.8% (a fact that has not occurred but could occur). , in case there was no Covid-19) from the construction sector”.

In the opinion of the president of CMIC Nuevo León, the outlook for this year for the construction industry in the state is encouraging and very positive, and it will be reflected in this year's indicators.

In Solili you can consult industrial warehouses available in Mexico City and Guadalajara

Original note

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