Thursday 17 May 2012
Mexico City — Foreign Direct Investment (FDI) in Mexico went up 9.7% in 2011 when compared to the previous year. The figure, which amounted to US$19.439 billion, outdid forecasts estimated by Banco de Mexico (Banxico), the Ministry of the Economy and international analysts
The best quarter in 2011 was the fourth, when the flow of foreign direct investment was 48.9% over even term in 2010, the Ministry of the Economy informed last Monday.
By sectors, manufacturing, with 44.1%, is the main receiver of foreign investment; it is followed by financial services and insurance with 18%, trade with 9.5% and construction with 6.4%.
The United States confirmed its position as the first investor in Mexico, with 55% of investments. Spain is second with 15%. From the increase 41.4% are new investments, 39.3% is from profit reinvestment and 19.3% arises from inter-company accounts.
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