Based on seasonally adjusted data, gross fixed investment increase 2.3% in March past compared to the previous month, given the rise in machinery and equipment of the 3% and the construction of the 0.3%.
“Driven by machinery and equipment, gross fixed investment advanced 2.3% month against month in March 2021. Your third consecutive monthly increase; in annual terms, stayed 1.7% year versus year versus March 2020, first month affected by the pandemic ", the head of Inegi indicated on Twitter, July. A. Santaella.
Mexican gross fixed investment fell 18.2% year-on-year in 2020 dragged down by the Covid-19 crisis.
Already in the January-February two-month period 2021, gross fixed investment had reversed the decline observed in December 2020, although at the end of that period it was 3.5% below the February level 2020 with series adjusted for seasonality.
In 2019, this investment was contracted 4.9%, while it grew 0.6% in 2018 and decreased by 1.5 % in 2017.
The gross fixed investment allows to have "a broad knowledge" about the behavior of the investment in the short term, according to the INEGI.
It is made up of the goods used in the production process for more than one year and which are subject to property rights..
The Mexican economy contracted 8.2% in 2020, its worst crash since the Great Depression of 1932, according to Inegi data.
The Gross Domestic Product (START) from Mexico contracted 0.1% in 2019 due to the fall in industrial activity, which represents a substantial decrease compared to the growth of 2.1% from the previous year.
Private investment
The IMFBCF shows how a part of the gross value added in the economy is invested instead of being consumed. The monthly data of the Gross Fixed Investment is available from January 1993 and are expressed in physical volume indices with a fixed base in 2013 = 100.
For the Inegi, It is important to note that most economic series are affected by seasonal factors..
These are periodic effects that repeat every year, and whose causes can be considered unrelated to the economic nature of the series, how are the holidays, the fact that some months have more days than others, school vacation periods, the effect of the weather on the seasons of the year, and other seasonal fluctuations, for example, the high production of toys in the months leading up to Christmas, caused by the expectation of higher sales in December.