*Mexico’s national statistics institute (Inegi) has released its latest monthly indicator on gross fixed capital formation (GFCF), which measures investment levels in fixed capital goods such as machinery and equipment, and in construction. According to Inegi, GFCF fell by 16.6% year-on-year in August, but grew by 5.7% compared with July, indicating a continued recovery from the impact of the coronavirus (Covid-19) pandemic. This is the third consecutive month in which GFCF has increased, after falling by a historic 38.4% year-on-year in May.
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