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Mexico Gross Fixed Investment Rises 5.2%

Karla Salinas | 28.07.2015

Gross fixed investment in Mexico climbed 5.2 percent in April compared with the same month in 2014, the National Institute of Statistics and Geography, or INEGI, said Friday.

Gross fixed investment in Mexico climbed 5.2 percent in April compared with the same month in 2014, the National Institute of Statistics and Geography, or INEGI, said Friday.

The increase was due to a 4.2 percent hike in construction spending and an advance of 7.9 percent in outlays on machinery and equipment, INEGI said in a statement.

On a seasonally adjusted basis, gross fixed investment edged up 0.4 percent from March to April, powered by gains of 2.4 percent in expenditures on machinery and equipment and 0.4 percent in construction spending.

Mexico’s economy grew 2.1 percent last year, better than the 2013 figure of 1.4 percent, but well short of the official forecast of 3.9 percent growth.

The government expects gross domestic product to expand this year by between 2.2 percent and 3.2 percent.

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