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 Prensalibre.com: "Even though the figures are still negative, the decline has stopped, and we are expecting a recovery for next year".

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Prices of Construction Materials in Panama

May 2013

Retail prices indices for the main construction materials in the districts of Panama and San Miguelito, up to March 2013.

A statement by the Comptroller General of the Republic of Panama reads:

Indices of Retail Prices of Major Construction Materials (IPMC by its initials in Spanish) in the districts of Panama and San Miguelito, compiled March 2013, showed the following behaviors:

Construction Up in Nicaragua

March 2011

The sector grew 3.3%, boosted by private and state investments.

For the first time in 5 years, the figures presented by the Central Bank showed a recovery in the real estate industry, one of the worst-hit by the global economic crisis.

Mario Zelaya, president of the Nicaraguan Construction Chamber, told newspaper La Prensa that they believe this recovery to be sustainable and not temporary.

Slight Recovery in Guatemalan Construction Industry

January 2011

The Monthly Index of Construction Economic Activity reported positive results in the last quarter of 2010.

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

Jorge Montenegro, president of the Guatemalan Chamber of Construction, said, according to the article published by Prensalibre.com: "We hope it is the beginning of an upturn for the industry and that should restore confidence in investment in the country."

Guatemalan Construction Continues to Struggle

August 2010

Guatemalan Chamber of Construction (CGC) representatives can see no signs of recovery this year.

Jorge Montenegro, CGC president, told a press conference that, “May had the lowest index of construction activity yet, down 21.1%”.

Montenegro also mentioned that 172,165 jobs were lost in the sector between 2007 and 2009.

ok