LatinNews Daily - 05 February 2024

In brief: GFCF in Mexico up year-on-year

*Mexico’s national statistics institute (Inegi) has released new figures which show that in November 2023, gross fixed capital formation (GFCF) was up by 20.1% year-on-year but decreased by 1.3% in monthly terms on seasonally adjusted figures. The monthly decrease was driven by a 2.8% decrease in investment in construction, while investment in machinery and equipment was up 0.4%. The yearly rise was made up of an increase of 21.4% in investment in the construction sector and a rise of 18.8% in investment in machinery and equipment. This compares to a monthly increase of 1.9% and yearly rise of 24.7% in GFCF in October 2023.

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