Latin American construction industry to grow by 9.7% in 2021 & 5.6% in 2022
Latin American construction industry

Latin American construction industry to grow by 9.7% in 2021 & 5.6% in 2022

Due to higher-than-expected construction activity in the first quarter of 2021, the Latin America’s construction industry is now forecast to grow by 9.7% in 2021 and 5.6% in 2022.

Due to higher-than-expected construction activity in the first quarter of 2021, the Latin America’s construction industry is now forecast to grow by 9.7% in 2021 and 5.6% in 2022. The growth will be seen in Brazil, Argentina, Colombia and Peru, where public authorities are struggling to contain Covid-19 infections.

The company’s report, ‘Global Construction Outlook to 2025 (Q2 2021 Update)’, states that over the remainder of the forecast period (2023 – 2025), growth in the industry is forecast to moderate to an annual average of 3.1%, with construction output in the region expected to return to its pre-pandemic level in 2023.

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