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LatinNews Daily - 09 May 2022
In brief: Gross fixed investment in Mexico edges up year-on-year
* Mexico’s national statistics institute (Inegi) has released new figures which show that gross fixed capital formation (GFCF) increased by 1.5% in February 2022, compared with the same month in 2021. Investment in machinery and equipment was up 13.2% in year-on-year terms while investment in construction dropped 6.1%. In monthly terms, however, GFCF was down 3%: investment in construction was down 8.2% in monthly terms, whereas investment in machinery and equipment was up 6.7%.
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