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LatinNews Daily - 5 August 2024
In brief: GFCF continues to rise in Mexico
*Mexico’s national statistics institute (Inegi) has reported that gross fixed capital formation (GFCF) in the country has grown by 5.6% in May 2024 in annual terms and 0.7% in monthly terms – compared to a 10.5% annual increase and 0.9% monthly increase in April. Yearly growth in May was driven by a 9.2% increase in investment in construction and a 2.1% increase in investment in machinery and equipment. In monthly terms, investment in construction increased by 2.4%, however investment in machinery and equipment decreased by 1.3%.
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