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LatinNews Daily - 08 April 2021

In brief: Investment in Mexico remains below year-earlier levels

* 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 has reported a 10.6% year-on-year decrease in GFCF in January due to the coronavirus (Covid-19) pandemic. The decrease is driven by an 11.3% slump in investment in construction and a 9.5% decrease in investment in machinery and equipment. In monthly terms, compared with December 2020, GFCF increased by 3.3% in January due to increases of 4.2% in construction and 2.9% in machinery and equipment. Inegi president, Julio Santaella, noted that this is an improvement on the 1.6% monthly decrease observed in December 2020, but that Mexico’s GFCF remains 9.6% below January 2020 levels.

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