Mexico Gross Fixed Investment Rises 6.6% in July, Driven by Machine Imports
1 report, 1 independent
Updated Oct 6
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What happened
INEGI reported on Monday, October 5, that gross fixed investment in Mexico rose 6.6% year-on-year in July. This growth was driven by increases in construction and machinery spending. Specifically, imported machinery and equipment rose 9.9% year-on-year, adjusted.
From riotimesonline.com
Why it matters
The data provides a measure of capital formation in Mexico, showing how much companies are spending on assets used in production. The rise in imported capital goods indicates strong demand for foreign equipment.
From riotimesonline.com
Who's involved
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The entities involved
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Instituto Nacional de Estadística
Guatemala's principal government institution in charge of statistics and census data
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