*Mexico’s national statistics institute (Inegi) has released new figures which show that gross fixed capital formation (GFCF) in Mexico increased by 13.8% in January 2024 in annual terms and 0.1% in monthly terms. Annual growth was driven by a 21.2% rise in investment in construction, while investment in machinery & equipment was up 6.0%. However, in monthly terms, while investment in construction was up 0.3%, it was down 0.2% in machinery & equipment. In December 2023, the GFCF increased by 13.4% year-on-year due to a 21.8% increase in investment in construction and 5% increase in machinery & equipment. Meanwhile, the GFCF in December was unchanged from the previous month, when it decreased by 1.3% in monthly terms.
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