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Aguascalientes Construction Industry Surges 35.8%, Boosting Jobs and Wages Image: Especial
๐Ÿ‡ฒ๐Ÿ‡ฝ Mexico /Energy & Infrastructure

Aguascalientes Construction Industry Surges 35.8%, Boosting Jobs and Wages

From El Universal · () Spanish

Translated from Spanish and summarized by DistantNews. Read the original for the full story.

At a glance

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  • The construction industry in Aguascalientes, Mexico, saw a 35.8% year-over-year increase in production value in June.
  • This growth has led to a 4.2% rise in employment, an 8.6% increase in hours worked, and an 8.4% rise in real average wages.
  • Officials attribute the positive economic dynamic to investor confidence and the state's commitment to supporting productive sectors.

Aguascalientes, Mexico โ€“ The construction sector in Aguascalientes is experiencing a robust expansion, with production value soaring by 35.8% in June compared to the same month last year. This significant growth is a key indicator of the state's positive economic momentum and its strength in generating employment and developing infrastructure.

Esau Garza de la Vega, the Secretary of Economic Development, Science, and Technology, highlighted that the figures reflect Aguascalientes' dynamic economy and the confidence investors have in the region. The construction industry's expansion is crucial, as it directly fuels economic activity, creates job opportunities, and improves living conditions for families.

Beyond the overall production increase, other key indicators also show positive trends. According to the National Construction Companies Survey (ENEC) by INEGI, the number of employed personnel in the sector rose by 4.2%. Additionally, hours worked increased by 8.6%, and real average remuneration saw an 8.4% jump, demonstrating a comprehensive improvement in the industry's performance.

State officials emphasize that this economic development translates into more opportunities for families. The administration is committed to fostering productive sectors through policies that encourage investment, job creation, and the growth of local businesses. This is achieved through close coordination with the business and construction sectors to create an environment conducive to new projects and the strengthening of existing companies.

The "multiplier effect" of the construction industry is also recognized, as it stimulates supply chains and generates opportunities for workers, professionals, and businesses of all sizes and specializations. This integrated approach aims to ensure that economic growth benefits the entire state.

The construction sector has a multiplier effect on the economy, as it activates supply chains and generates opportunities for workers, professionals, and companies of different sizes and specialties.

โ€” Esau Garza de la VegaDescribing the broad economic impact of the construction industry.
About this summary

Originally published by El Universal in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.