Mexico’s Foreign Direct Investment reaches record high for a first quarter

26 May, 2017

Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 253

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.

MexicoNow

- Mexico exported US$ 11.55 billion in auto parts to the U.S. during first quarter