LatinNews Daily - 08 February 2021

In brief: Investment showing signs of recovery in Mexico

* Mexico’s national statistics institute (Inegi) has released its latest monthly indicator on gross fixed capital formation (GFCF), which measures levels of investment in fixed capital goods such as machinery and equipment, and in construction. Inegi reported that GFCF fell by 12.1% year-on-year in November 2020, due to the impact of the coronavirus (Covid-19) pandemic, with expenditures for machinery and equipment decreasing by 14.8%, and by 9.9% for construction. However, GFCF grew by 2.3% in November compared with October, on seasonally-adjusted figures, due to a 2.4% increase in construction, and a 2.1% increase in machinery and equipment.

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