Total construction starts rose 6% in August to a seasonally adjusted annual rate of $1.3 trillion, according to Dodge Construction Network. Nonresidential starts rose 40% thanks to a large pickup in manufacturing and transportation buildings. Residential and nonbuilding starts fell 1% and 14%, respectively. Highway and bridge starts jumped 19%. Year-to-date through August 2023, total construction starts were 5% below…
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The Cement Industry in Latin America
By Mauro Nogarin The cement industry in the main Latin American countries has stabilized, reaching in most cases the production levels of 2019. However, in Brazil and Mexico the unfavorable economic situation has led to an increase in the prices of construction has materials to such an extent that it has slowed down domestic demand. Unlike the situation in Peru,…
Read MoreA New Cement Plant In Yucatan
To Promote The Development Of Southern Mexico By Mauro Nogarin According to the United States Chamber of Commerce, Yucatán is the best state in Mexico to invest, because legal certainty, energy sustainability, security and investment in infrastructure are the key points to attracting foreign investors. The national GDP of Mexico at the end of 2021 registered a recovery of 4.6%,…
Read MoreCountry Report: Colombia Cement Industry Increases Production
By Mauro Nogarin Although political stability faced a very tough time due to massive work stoppages in recent months and an increase in taxes, the Central Bank of Colombia in its latest financial report projected an increase of 7.5% to 8.6% in the growth of the Gross Domestic Product for this year; and for 2022, the agency estimated an increase…
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