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LatinNews Daily - 12 May 2021

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In brief: Investment in Mexico still below pre-pandemic levels

* Mexico’s national statistics institute (Inegi) has released the latest figures for its monthly indicator on gross fixed capital formation (GFCF), which measures levels of investment in construction, as well as machinery and equipment. In seasonally-adjusted monthly terms, investment grew 2.4% in February compared with January, with a 2.6% increase in investment in construction and a 1.5% increase in machinery & equipment. However, GFCF in February 2021 remains below February 2020 levels, having not completely recuperated the losses caused by the coronavirus (Covid-19) pandemic; in year-on-year terms GFCF fell 3.5%, with a 6.7% drop in construction and a 1.6% increase in investment in machinery & equipment.