* Mexico’s national statistics institute (Inegi) has released new figures which show that in August 2023, gross fixed capital formation (GFCF) was up 3.1% in monthly terms and by 31.5% year-on-year on seasonally adjusted figures. The monthly increase was driven by a 5.2% increase in investment in construction and by a 0.9% rise in investment in machinery and equipment. The yearly increase was largely driven by investment in the construction sector, which recorded annual growth of 47.4%, along with a 15.9% increase in investment in machinery and equipment.
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LatinNews Daily - 6 November 2023
In brief: Mexico’s gross fixed capital formation up in August
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