*Mexico’s national statistics institute (Inegi) has reported that gross fixed capital formation (GFCF) in the country has grown by 10.5% in April 2024 in annual terms and 0.9% in monthly terms. Annual growth was driven by a 13.5% increase in investment in construction and a 5.3% increase in investment in machinery and equipment. In monthly terms, investment in construction increased by 1.6%, however investment in machinery and equipment decreased by 0.8%. In March 2024, the GFCF increased by 10.9% in annual growth, with a 12.9% increase in construction and a 9.5% increase in machinery and equipment, while GFCF increased by 0.8% at a monthly rate.
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