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LatinNews Daily - 08 December 2020
In brief: Investment declining again in Mexico
* 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. Inegi reported that GFCF fell by 16% year-on-year in September, as the impact of the coronavirus (Covid-19) pandemic continues to affect the country’s economy. More concerningly, after three consecutive months of gradual recovery, GFCF fell by 2.9% in September compared with August, suggesting that an economic recovery will not be as quick as had been hoped. This monthly decline was attributed by Inegi to a 5.8% drop in investment in construction, counteracting a 1.3% increase in investment in machinery and equipment.
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