*Mexico’s national statistics institute (Inegi) has reported that gross fixed capital formation (GFCF) dropped by 2.3% in annual terms and by 0.8% in monthly terms in September. The monthly drop in September was driven by a 1.1% drop in investment in machinery and equipment and a 0.4% decrease in investment in construction. In yearly terms, investment in construction decreased by 5.2%, while investment in machinery and equipment was up by 0.8%. In the first three quarters of 2024, GFCF was up 5.6% as compared to the same period of 2023, with investment in construction increasing by 5.8% and investment in machinery and equipment up 5.3%.
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