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LatinNews Daily - 21 August 2019

In brief – Mexico’s FDI up 1.5% in first half of 2019

* Mexico’s economy ministry has released preliminary figures on foreign direct investment (FDI) which show FDI to Mexico was up 1.5% in the first six months of 2019 compared with the same period in 2018. According to the report by the economy ministry, published on 20 August, FDI in the first six months of 2019 totalled US$18.1bn, up from US$17.8bn in the same period in 2018. The same figures show that the FDI came from 3,104 companies with foreign capital, 1,558 trust fund contracts, and 18 foreign corporations, as well as through reinvestment of profits and new investments. In terms of the breakdown by sector, manufacturing accounted for 42.8% of FDI; trade, 12.9%; financial services & insurance, 9.9%; and mining, 5.9%. As regards sources of FDI, the US accounted for 37.9% followed by Canada, 15.4%; Spain, 11.1%; and Germany, 6.5%.

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