Mexico’s gross fixed investment recorded a significant 13.9% rebound in August compared to the same month of the previous year, according to data released this Monday by the National Institute of Statistics and Geography (Inegi).
Inegi announced that this result was obtained by the 20% increase in machinery and equipment and a 9.6% year-on-year increase in construction.
According to seasonally adjusted data, gross fixed investment rose 1.1% last August compared to the previous month, due to a 3.2% rise in construction and a 1% fall in machinery and equipment.
“With its advance of August 2021 (1.1% month against month), gross fixed investment reached its highest post-pandemic level. However, it is still -4.9% below its January 2020 pre-pandemic level ”, Julio A. Santaella, president of Inegi, indicated on Twitter. With the data for August 2021, gross fixed investment accumulates an increase of 12% year-on-year.