Foreign Direct Investment (FDI) in Mexico decreased 18.1 percent in the first quarter of the year, compared to the same period last year, totaling $18.64 billion, according to data from the Ministry of Economy and the Bank of Mexico.
According to Economía, without considering relevant events in the first quarter of last year, FDI grew 48.0 percent.
Of the total, 64.0 percent was concentrated in three countries: the United States (34.4 percent), Spain (20.3 percent) and Argentina (9.3 percent).u
53 percent of the FDI went to the manufacturing industry, highlighting the sectors of transportation equipment, chemical industry, food, computing, electricity generation, steel industry, and beverages.