Fixed investment in Mexico fell 3.3 percent, year-over-year, in September. It is the second decline in the last 43 months (since March 2021), according to SteelOrbis' analysis of data from the national statistics office Inegi.
Private investment fell 1.8 percent and public investment was negative by 14.0 percent, it is the fifth consecutive annual decline.
Of the two major sectors that make up fixed investment in Mexico, construction fell 5.3 percent, year-over-year. It is the second annual reduction in the last 24 months (since October 2022).
Investment in national machinery and equipment increased 3.9 percent, year-over-year. Imported machinery and equipment decreased 4.1 percent.
In the cumulative January-September period, fixed investment increased 5.6 percent, compared to the January-September period of last year.
Construction recorded an annual increase of 5.8 percent. Machinery and equipment recorded an annual increase of 4.3 percent.