translated from Spanish: Investment in construction industry adds 10 months to the bottom: INEGI

Gross fixed investment fell 2.8% during November 2019, comparing it to the same period in 2018, the National Institute of Statistics and Geography (INEGI) reported.
In this way, the indicator that represents the expenses made in machinery, equipment and construction in our country, added 10 consecutive months of contraction at rate to annual, according to seasonalized figures.
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INEGI noted that this result was due to a decline in all components of the indicator, both construction and expenditure on machinery and equipment, during the reference month.
Investment in the construction industry fell 2.4% in November last year, due to an 8.4% decrease in non-residential, such as office buildings and commercial complexes, among others.
With this we have 14 continuous months of treading “negative ground”, since it is indicator brings the same trend since October last year, the institute noted.
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Meanwhile, housing construction recovered 4.2%, after having linked two falls.
Expenditure on machinery and total equipment fell 2.5% during November, INEGI noted in its monthly report.
This was driven by a 6.7% drop in imported, while the national advanced 4.7% at an annual rate.
In its monthly comparison and based on deseasonalized figures, the institute detailed that gross fixed investment decreased 1.1% in November compared to the immediate month.
By means of components, it added that expenditure on machinery and total equipment showed an increase of 2.7% and those under construction grew 1.2% during the penultimate month of 2019.
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Original source in Spanish

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