*Mexico’s national statistics institute (Inegi) has reported that gross fixed capital formation (GFCF) in the country has grown by 8.5% in the first half of the year, as compared to the same period of 2023. This growth was driven by an 11% increase in investment in construction, with investment in machinery and equipment also up 5.8%. In June, GFCF edged up by 0.7% in annual terms, down from annual increases of 5.6% in May and 10.5% in April. In monthly terms, GFCF was down 1.0% in June as compared to May. Yearly growth in June was driven by a 2.8% increase in investment in machinery and equipment, while investment in construction fell 0.9%. In monthly terms, investment in construction decreased by 3.2%, while investment in machinery and equipment was up by 1.6%.
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LatinNews Daily - 4 September 2024
In brief: Mexico’s GFCF up in first half of 2024 despite June dip
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