Ecuador Infrastructure Report Q2 2013 - New Report Available
BMI View: The latest data from the Banco Central de Ecuador are consistent with our view that Ecuador's construction industry would post strong growth in 2012, with the sector expanding by around 14% y-o-y through the first three quarters of the year (in line with BMI's full-year estimate of 15.2%). However, we expect industry growth to moderate in 2013 as a slowdown in government spending and a weakening consumer outlook put the brakes on infrastructure investment and residential construction respectively....
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