*Mexico’s economy ministry (SE) has released its latest figures on foreign direct investment (FDI) which show that this reached US$32.9bn in the third quarter of 2023, up 30% on the US$25.3bn recorded in the same period last year. According to the SE report, the US accounted for US$13.5bn of the FDI inflows (41% of the total), followed by Spain (US$3.7bn, 11% of the total), Germany (US$2.8bn, 9%), and Argentina (US$2.5bn, 7%). The sector to attract the most FDI was manufacturing (53% of the total), followed by financial services (22%), mining (9%), and temporary accommodation (7%). Of the total, 58% of FDI went to five federal states: Mexico City (CDMX) (which accounted for US$10.6bn), Nuevo León (US$2.8bn), Sonora (US$2.5bn), Chihuahua (US$1.5bn), and Estado de México (Edomex) (US$1.5bn).
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