BMI View: Mexico’s construction sector started 2013 on a weak footing as President Nieto’s transition to power caused a period of low activity. This was coupled with a financial crisis amongst the homebuilders, which saw construction activity in the segment crash. As a result, we have downgraded our 2013 outlook for growth to just 1.7%. However, our medium term outlook for growth in the sector remains firmly in place, supported by the announcement of the US$315bn National Infrastructure Plan. Between 2013 and 2017 we anticipated annual average construction industry growth of 4%. Energy & utilities infrastructure will likely lead growth …
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