* Mexico’s national statistics institute (Inegi) has released new figures which show that in September 2023, gross fixed capital formation (GFCF) was up by 23.5% year-on-year but dropped 1.5% in monthly terms on seasonally adjusted figures. The monthly decrease was driven by a 5% drop in investment in construction but somewhat offset by a 2.7% rise in investment in machinery and equipment. The yearly increase was made up of an increase of 26.5% in investment in the construction sector and a rise of 20.9% in investment in machinery and equipment. This compares to a monthly increase of 3.1% and yearly rise of 31.5% in GFCF in August.
Back
LatinNews Daily - 05 December 2023
In brief: Mexico’s GFCF drops in monthly terms in September
- BRAZIL: Lula, Scholz urge EU-Mercosur FTA as deal’s prospects dim
- COLOMBIA: Latest round of ELN talks gets underway
- In brief: IMF calls for renewed focus on reforms in Ecuador
- In brief: Brazil’s current account deficit sees monthly decrease
- CUBA: Former US diplomat charged with spying for Cuba
- In brief: Criticism grows of Guatemala approved budget
- MEXICO: Nuevo León crisis averted as interim governor steps down
- In brief: Mexico’s GFCF drops in monthly terms in September
- ARGENTINA: Milei picks Petri for defence portfolio
- In brief: Argentina’s tax take up in November