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LatinNews Daily - 16 August 2021

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In brief: Uptick in FDI to Mexico

* Mexico’s economy ministry (SE) has released preliminary figures showing that the country attracted US$18.43bn in foreign direct investment (FDI) during the first six months of the year. This represents a 2.6% increase on the level of FDI received during the first six months of 2020, when FDI amounted to US$17.97bn. According to the SE, the majority of FDI was in the manufacturing sector (40.6%), followed by mining (13.5%), financial services and insurance (11.6%), transport (10.3%), and trade (8.6%). In terms of origin of the investment flows, the US is by far the largest investor in Mexico, accounting for 50.8% of FDI in the first half of this year. It is followed by Spain (9.1%), the United Kingdom and Germany (5.9% apiece), and Luxembourg (5.3%).