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LatinNews Daily - 11 January 2023
In brief: Gross fixed capital formation up in Mexico
* Mexico’s national statistics institute (Inegi) has released new figures which show that gross fixed capital formation (GFCF) in October 2022 was up by 1.4% compared with the previous month on seasonally adjusted figures. Investment in construction increased by 2% in monthly terms while investment in machinery & equipment was up 0.8%. In year-on-year terms, GFCF was up 6.5% with investment in machinery & equipment increasing 14.1% in yearly terms, and investment in construction dropping by 0.5%.
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