Mexico’s Finance Minister Luis Videgaray said public investment spending grew 14.2 percent in 2013, a sign that the government is correcting expenditure delays that hurt the economy, according to Citigroup Inc.
Housing starts probably fell in January as colder-than-normal temperatures and snowstorms slowed work in parts of the U.S., data this week are forecast to show. The projected decline indicates the residential real estate market succumbed to the same inclement conditions that have slowed retail sales, manufacturing and job growth. Another report may show higher borrowing costs at the start of the year, along with the weather, slowed sales of previously owned homes.
Mexico’s industrial production unexpectedly fell in December from the year earlier for the first time in three years. The peso weakened on speculation the central bank is more likely to reduce borrowing costs.