LatinNews Daily - 15 May 2024

*Mexico’s economy ministry (SE) has released its latest report on foreign direct investment (FDI), which shows that FDI for the first quarter of 2024 reached a new all-time high for the period of US$20.3bn. This figure represents a 9% increase on the same period in 2023. The SE attributes the increase to “economic stability and… a good business environment” in Mexico as the reinvestment of profits also reached a new high. The report highlights that the US remains Mexico’s leading source of FDI, accounting for US$10.62bn of FDI, 52% of the total. Germany follows with US$1.74bn, and Canada with US$1.71bn. The sector to attract the most FDI was manufacturing, accounting for 42% of total FDI, followed by financial services (25%), and mining (12%). The federal states receiving most FDI were Mexico City (CDMX) with US$12.04bn, Nuevo León (US$1.35bn), and Baja California (US$1.08bn).

End of preview - This article contains approximately 156 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial