Tuesday 21 May 2013
Mexico City.- Gross Fixed Investment, i.e. expenses made in Mexico in machinery and equipment, as well as in construction, keeps a positive trend, posting 26 months in a row of year-to-year growth, according to figures from the Mexican Statistics Agency, Instituto Nacional de Estadistica, Geografia e Informatica (INEGI).Last April, the indicator for total investment went up 8.5% when compared to April 2011, thanks to 13.4% increase in purchases of imported machinery and equipment and 10.4% for domestic purchases, while expenses in construction grew 5.5%.
Regarding imported equipment, INEGI cleared out that the increase was mainly due to the purchase of mechanic devices; furnaces and spare parts; aircraft and spare parts; electric machines and material; vehicles and material for railroads; optical and medical instruments and devices; iron and steel smelting products; as well as land vehicles and spare parts.
For machinery made in Mexico, the increase was due to increases in sales of railroad equipment; automobiles and vans; trucks; and agriculture machinery and equipment.
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