Gross Fixed Investment grew 5.9% last March in Mexico

Mexico.- Gross Fixed Investment grew 5.9% last March in Mexico Gross Fixed Investment in Mexico posted 6.9% growth last March, when compared to even month a year before; therefore, the first quarter of the year it posted 8.6% year-to-year increase. According to the Mexican Statistics Agency, Instituto Nacional de Estadistica y Geografia (INEGI), this is mainly due to an 8.7% increase in total expenses on machinery and equipment and 5.6% increase in construction expenses. Investment in domestic machinery and equipment last March went up 9.1%, while for imported equipment the increase was 8.6%; for construction sector expenses went up 5.6%. In the first quarter of the year, the increase in investment in domestic machinery and equipment purchases was 9.5%; for imported machinery and equipment it was 13.8% and in construction the increase reached 5.8%.