Mexican construction activity shrinks in 1st qtr.

May 15, 2013 | 08:36 AM | Rodrigo Alonso

Tags  Mexican construction sector, construction activity, Mexican Chamber of the Construction Industry, CMIC, Luis Zarate Rocha, Institutional Revolutionary Party, PRI, Enrique Pena Nieto Rodrigo Alonso

MEXICO CITY — Mexico’s construction sector contracted 2.3 percent year on year in the first quarter due to a squeeze on cash flows and delays to public works spending as a new government took power.

In March, construction activity shrank 5.2 percent from a year earlier, according to the Mexican Chamber of the Construction Industry (CMIC).....

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