Spending on public investment is less than pensions and retirement

Gross fixed investment spins four months of growth, reaches 2.2% in January

Within the indicator, construction expenses rose 4.8% at the monthly rate and 9.6% at the annual rate. And expenses on machinery and equipment decreased 1.1% at the monthly rate and showed an increase of 5.9% at the annual rate.

Gross fixed investment marked its fourth consecutive month with growth, after observing monthly increases in October (0.1%), November (0.1%) and December (1.2%).

In January, the growth of 2.2% is the highest since July 2021, when investment increased by 2.4%.

However, the index stood at 97.2 points during January; that is, 3% below the investment levels observed in January 2020, before the COVID-19 crisis.

The gross fixed investment allows knowing the behavior of the investment in the short term, according to the Inegi.

It is made up of goods used in the production process for more than a year and that are subject to property rights.

Mexican gross fixed investment grew 10% year-on-year in 2021, driven by the economic recovery after passing the worst stage of the coronavirus pandemic.

While it fell 18.2% year-on-year in 2020, dragged down by the covid-19 crisis, which today totals almost 324,000 deaths in Mexico.

In 2019 this investment contracted 4.9%, while it grew 0.6% in 2018 and decreased 1.5% in 2017.

With information from EFE.



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