Guatemala: Construction Industry Improves

In August, the sector reported the softest year over year drop so far 2009: 9.4% when compared to August 2008.

Monday, October 26, 2009

The Monthly Construction Economic Activity Index (Imacon), prepared by the Construction Chamber (CGC), shows that the sector's decline is slowing down, after dropping 26.1% in May.

Rodolfo Gándara, former president of CGC, told newspaper "Even though the figures are still negative, the decline has stopped, and we are expecting a recovery for next year".

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The Index posted positive numbers in October 2010 with 0.9%, 3.1% in November and in December it closed at 10%.

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