LatinNews Daily - 05 September 2023

In brief: Gross fixed investment surges in Mexico

* Mexico’s national statistics institute (Inegi) has released new figures which show that gross fixed capital formation (GFCF) in June increased by 3.1% in real terms as compared to the previous month, and by 28.6% in real terms as compared to June 2022. The report also shows that GFCF grew by 18.8% year-on-year in the first six months of the year. According to Inegi, investment in construction was up by 4.2% in monthly terms, while investment in machinery & equipment increased by 2.1%. In yearly terms, GFCF was up 36.9% in construction and 20.1% in machinery & equipment as compared to June 2022.

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