Mexico’s fixed capital investment grew 6% in July, the fastest pace in 2 years

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Mexico’s fixed capital investment rose 6% year over year in July, slightly accelerating from June. Private-sector investment growth increased by two percentage points to its strongest pace in 30 months, suggesting improved business confidence in long-term prospects.

The overall FCI growth rate was up slightly from a 5.9% annual expansion in June, whereas annual private-sector FCI growth increased 2 percentage points from June to reach its highest level in 30 months, a sign that businesses' confidence in their long-term economic prospects is improving. The post Mexico’s fixed capital investment grew 6% in July, the fastest pace in 2 years appeared first on Mexico News Daily