*Mexico’s national statistics institute (Inegi) has announced that gross fixed capital formation (GFCF) in January 2025 was down by 5.9% in annual terms, and by 1.5% in monthly terms. This follows an annual decrease of 4.4% and monthly drop of 2.8% in December, on the latest figures, and represents the fifth consecutive month of annual decreases as well as the largest fall of the last five months. The annual decline in January was the result of a 9.0% decrease in investment in construction and 2.3% drop in investment in machinery and equipment. The monthly drop was driven by a 1.4% decline in construction investment and a 1.8% decline in investment in machinery and equipment.
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