So far there is no indication that improvement in output is forthcoming, although public construction may soon bounce back  BIS central bankers’ speeches  1  as government expenditures align with budgeted outlays. On the other hand, a revival of private construction may not be immediate.
Housing has been on a weakening path since 2008, major developers now face solvency problems, and the restructuring of the industry will likely take time. On the other hand, the U.S. economy has continued to show signs of strength, in particular in industrial production, which may have a positive impact on Mexico’s economic activity.