Gross Fixed Investment is growing again

Gross Fixed Investment (GFI) in Mexico presented positive inter annual growth, with a 1.1% expansion last May, prompted mainly by expenses on assets such as machinery and imported equipment, according to figures from Mexico’s National Institute of Statistics and Geography (INEGI). The purchase of machinery and equipment in the Mexican industry had a 5.9% recovery, despite being affected by its national component, which dropped by 3.9%. The expense on fixed assets in the construction sector had a slighter downfall, of 2.4% after the 6.4% downturn observed in the month of April. There was some recovery in residential sector, with a 1.4% growth rate after the 2% downfall last April.