Investment in the Chilean civil construction segment is expected to increase 1 percent in 2015, according to a forecast released on Friday by the nation’s civil construction chamber, CCHC.
The worst-than-expected performance is a result of lower investments at the nation’s private infrastructure segment, which account for 42 percent of Chile’s total investments in the civil construction industry.
According to CCHC, the timid growth for 2015 is “well below” the nation’s 5.1 percent annual average growth.
Javier Hurtado, research manager at CCHC, said the “stagnation of the sector’s investment is coherent with the end of the mining investment cycle as well as with the uncertainty that exists in the behavior of both the country’s and the global economies.”
According to Hurtado, if public spending is “well executed” and there are “better perspectives” for the Chilean economy, the investment in the nation’s civil construction segment could reach up to 2.5 percent in 2015.