FX.co ★ Mexico Investment Extends Declines in September

In September, Mexico experienced a 6.7% year-on-year decline in gross fixed investment, improving from a revised 10.9% decrease in August and exceeding the anticipated 7.7% drop. This represents the 13th consecutive month of contraction. Investment in the construction sector decreased by 10.6%, with non-residential construction falling by 16.3% and residential construction declining by 3.1%. Spending on machinery and equipment decreased by 2.4%; domestic investment saw a 7.7% reduction, whereas acquisitions of imported capital goods increased by 1.3%. On a seasonally adjusted basis, the investment dipped by 0.3% from the previous month, following a revised 3% decline in August.