CMIC Forecasts a Strong Finish for Construction in 2026

The Mexican Chamber of the Construction Industry (CMIC), chaired by Luis Mendez, estimates that conditions are in place to end the year with increased activity—including ongoing projects, current bids, and more funding for public works—so the 2.2% monthly decline in companies’ production value reflects only a single period, following nine consecutive months of growth.

It is important to note that the federal public works budget was approved in 2026 at approximately US$36.6 billion, to which budget adjustments were added, bringing the total to US$38.1 billion in the first quarter and US$39.8 billion in the second.

However, as requested, the reduction in project timelines remains in place, since the country has the projects and the industry has the capacity and workforce to carry out the plans; therefore, measures for collaboration among the various federal agencies have been established.

In addition, it is necessary to create the conditions of certainty that will allow for greater private-sector participation.

“To assess the industry’s performance, it is also important to look at the year-over-year comparison. In July 2026, the value of production by construction companies grew by 4.6% compared to the same month in 2025. This marks the fourth consecutive month of year-over-year growth, following 23 months of negative trends,” it was noted as a positive sign.

According to data from the National Institute of Statistics and Geography (INEGI), the annual increase in July was lower than those reported in June and May—6.9% and 7.5%, respectively—while in April it rose to 0.4%.

Regarding the annual growth in production value—highlighted by the CMIC as a positive trend—and referring to the type of construction project, the sectors that contributed in July were: water, irrigation, and sanitation at 35.0%,  followed by electricity and telecommunications at 32.7%, oil and petrochemicals at 16.2%, and transportation and urban development at 6.7%.

“This means that more infrastructure is being built today than a year ago, reflecting the importance of infrastructure projects to the operations of construction companies. By contracting sector, in July 2026, public works grew by 13% year-over-year, while private works increased by 1.5%. These figures show that public investment continues to play an important role in the sector, while private investment continues to grow, albeit at a slower rate,” the Chamber explained.