After the drop in May, investment in Mexico picked up again in June. But it is still far from the maximum level reached in July 2018.
Gross fixed investment increased 0.7% in June, to reach a growth of 8.5% at an annual rate, reported the National Institute of Statistics and Geography (Inegi).
Within the indicator, expenses incurred in construction and machinery and equipment grew 0.4 and 1.3%, at a monthly rate, during June.
And, at an annual rate, these items show growth of 2.9% and 14.2%, respectively.
The growth of investment in Mexico comes after, in May, the indicator presented a monthly drop of 1.2%, after two months of growth.
In June, the gross fixed investment index remained at 99.2 points, one point higher than in February 2020, before the covid-19 pandemic. However, it is still far from the maximum of July 2018, when the investment reached 111.8 points.
Within the indicator, it was observed that residential construction had a monthly decrease of 1.3%, which implies an annual drop of 3.8%. While investment in non-residential construction grew 1.2% at the monthly rate and 3.8% at the annual rate.
