The global pet care market is foretold to improve in the forthcoming years as matched to the preceding years and will showcase better sales in various market segments. It is estimated that the global pet care market will grow at a CAGR o…
BMI View: The construction industry in Honduras is expected to maintain its recovery in 2016, building on
positive growth in 2015 through the realisation of a number of transport and energy projects. The
infrastructure sector is set to benefit from the provision of regional funding and financing options, and from
the successful development of PPPs, particularly in the transport sector. However, significant structural
challenges remain, including a limited skilled labour market, domestic and regional insecurity and
Latest Updates And Structural Trends
? Honduras is addressing the significant structural deficit in the country and a number of projects are
planned under the Honduras Plan 20/20. The National Commission of Housing and Human Settlements
(Convivienda) is reportedly planning the construction of 1,300 houses and 800 apartments in Choloma -
part of plans to build 10,000 homes over the next five years.
? Reform of the energy sector is also a priority, including the development of renewable energy capacity.
Elcatex has a number of projects in the pipeline, including the development of solar and biomass power
plants to support the expansion of the domestic manufacturing sector.
? Based on the current project pipeline, we are forecasting 3.2% growth in construction industry value in
2016, building upon the 2.1% growth recorded in 2015. Slightly slower growth is expected over the
remainder of the forecast period, though some upside risk is presented by the addition of new transport
and energy projects.