Mexico’s Foreign Direct Investment reaches record high for a first quarter
Mexico received a record amount of foreign direct investment in the first quarter of the year boosted by the US$ 620 million capital injection by Delta Air Lines into Grupo Aeromexico, Mexico’s flag carrier airline.
Preliminary figures show foreign direct investment totaled US$ 7.95 billion in the January-March period, up 0.6% from the preliminary amount reported for the same period in 2016 and the most ever for a first quarter, according to the Economy Ministry.
Other countries making significant investments included Spain, Germany, Canada and Japan, the ministry said.
Manufacturing was the main receiving sector with 43% of the total, followed by financial services, transport, and mining. Foreign direct investment in Mexico was US$ 26.7 billion in 2016, down from US$ 33.2 billion the previous year.