Gross Fixed Investment up 1.9% in Mexico
Mexico City (Agencias).- Investment by companies in Mexico went up 1.9% last April over March, posting increases for six months in a row, the Mexican Statistics Agency, Instituto Nacional de Estadistica y Geografia (INEGI), informed.
In year-to-year figures, Gross Fixed Investment went up 8.5% in April, as forecasted by the markets, adding 26 months with year-to-year increases.
INEGI said that in the first four months of the year Gross Fixed Investment (expenses made in machinery and equipment, both made in Mexico and imported, as well as construction expenses) went up 8.6% over even term in 2011.
It further says that for annual rate and by component, total Gross Fixed Investment in machinery and equipment was 12.6% more in April 2012 than in April 2011.
Source: CNN Expansion | Date: 11/07/2012