Construction value in Mexico declines to 3.3 percent as index sector drops

On the Mexican stock Exchange, the constructor sector index dropped 2.33 percent or 354.66 points to 14,856.13 points by 9:35 a.m. CST Monday. Shares of Cemex, the third largest constructor company in the world, were down 8.24 percent to $8.80 pesos ($0.6474 usd) a share in the Mexico Stock Exchange.

About 50.8 percent of the total value of construction companies’ building work was in residences, schools, buildings for the industry, commerce and services; hospitals and clinics, and recreation buildings. Roads for transportation, highways, tracks, subway and light rail represented 23 percent of the total construction value.

Construction works related to oil and petrochemicals represented 9.6 percent, according to the institute. The workforce showed a decline of 4.4 percent in September compared to the same month last year.