Weekly Report - 13 February 2014 (WR-14-06)

MEXICO | Investment starts to pick up. Investment by Mexican firms increased by 1.75% month-on-month in November 2013, bucking a trend of six consecutive months of decreases, the national statistics institute (Inegi) reported on 10 February. The result is encouraging and could go some way to ensuring that the Mexican economy fulfils the official growth forecast of 3.9% set by the government for this year. An Inegi report said that the boost in investment was led by the construction sector, which posted an increase of 1.77%, while investment in machinery and equipment actually marginally decreased by 0.65% over the period. Less encouragingly, however, the Inegi data shows that gross fixed investment in November was 4.5% down on the comparable month of 2012.

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