Gross fixed investment grew in August
MEXICO – Gross fixed investment in the country increased by 1.9% at a monthly rate during August, with a boost in machinery and equipment expenditures mainly, informed the National Institute of Statistics and Geography (Inegi).
After August’s fall of 1.5% at a monthly rate, investment in Mexico returned to growth during August,
At a monthly rate, spending on machinery and equipment increased by 2.6% and construction by 0.3%.
With these results, investment grew by 4.6% at an annual rate in real terms. Expenditures on machinery and equipment increased by 18.2%.
However, construction expenditures continued to decrease by 5.8%.
According to an analysis by Grupo Monex, construction spending remains at a level far from its peak observed in July 2008, 14 years ago, and is slightly above 2003 levels.
In July 2008, the construction investment index was at 110.3 points, while in August 2022 it reached a level of 94.8 points.