Mexico’s fixed investment up 6.4%, driven by machinery and housing growth
Mexico’s economic recovery gained momentum in July, with gross fixed investment surging by 6.4%, according to the National Institute of Statistics and Geography (INEGI).
This strong rebound follows a 1.3% decline in June, marking a significant recovery after months of steady investment growth.
The rise in investment, driven largely by machinery, equipment, and residential construction, signals renewed confidence in Mexico’s industrial and housing sectors, providing a positive outlook for the nation’s economy despite ongoing global and local challenges.
Machinery and equipment drive growth
A key contributor to the July investment boost was the sharp rise in machinery and equipment spending, which grew by 9.5%.
This growth was fueled by both domestic and international demand, with imports increasing by 10.2% and domestic output rising by 8.4%.
The increased investment in machinery indicates that companies are positioning themselves to enhance productivity and modernize operations, a critical factor in maintaining competitiveness in both local and global markets.
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Source: Invezz.com
