*Mexico’s national statistics institute (Inegi) has reported that gross fixed capital formation (GFCF) in the country dropped by 0.9% in August 2024 in annual terms and 1.9% in monthly terms. This compares to an increase of 3.9% in yearly terms in July and a monthly increase of 1.8%. The monthly drop in August was driven by a 4.0% decrease in investment in construction, while investment in machinery and equipment grew by 0.6%. In yearly terms, investment in construction decreased by 6.0%, however investment in machinery and equipment was up by 5.0%.
- GUATEMALA: Gov’t implicates ex-president Giammattei in corruption case
- ECUADOR: Government claims big reduction in homicide rate
- In brief: Peru and China ink food security agreement
- BRAZIL: Police concludes probe on high-profile Amazon murders
- In brief: Brazil’s Itaú posts higher profits in Q3
- In brief: Cuba and Spain underline trade ties
- MEXICO: INE approves budget for judicial elections
- In brief: GFCF drops in Mexico
- URUGUAY: Delgado tries to steal a march on Orsi
- In brief: Chile’s growth stagnates in September