He Monthly indicator of gross fixed capital formationpublished this Thursday, 1.4% fell in June compared to May, with unstacted figures. At an annual rate, the investment collapsed 6.8%, which reflects a slowdown in the dynamism of productive and infrastructure projects.
By components, expenses in machinery and equipment retreated 1.6% and the construction fell 0.8% in the month. Faced with June 2024, investment in machinery and equipment sank 11.4%, a contraction not seen since November 2020, the year of the pandemic.
For its part, the construction showed a 3.3% drop, with a contraction of 13.8% in non -residential construction and an annual advance of residential construction.
Private upward consumption
In contrast, household spending showed a rebound. The iMonthly Indicator of Private Consumption (IMCP) 0.8% grew in June compared to May, with what showed a positive performance in the midst of the deceleration of other sectors. At an annual rate, it advanced 1.1%.
Within consumption, spending on national goods and services practically stagnated, but that of imported goods recounted 4.9% in the month. Compared to June 2024, imported spending grew 4.4%, while national services increased 1.7%.
It should be remembered that private consumption is the most important component of GDP on the expenditure side in the country, as it represents about 70% of Mexico’s gross domestic product.
