Mexico. The National Institute of Statistics and Geography (Inegi) reported that industrial production in the first quarter of this year was affected by the setback of 1.5%, which also affected the paints and coatings sector.
Since October-December 2009, Mexico did not register a decline of this class in this market segment, when it reported a 2.9% annual rate.
The construction sector, which affects our painting industry the most, had a decrease of 5.2% in this first quarter, which is attributed to a reduction in projects related to building, the construction of civil engineering works or heavy work, and specialized work for construction.
