Construction and Nearshoring Drive Local Investment Surge in Mexico

Bloomberg — Mexico’s gross fixed investment rose the most in over two years in yet another sign the country is benefiting from the relocation of companies to tap the US market and from the government’s infrastructure plans.

Fixed investment, a measure of capital allocation that includes spending on factories and machinery, rose almost 29% in June compared to the previous year, its fastest increase since May 2021, the national statistics agency said Monday. Investment grew by 3.1% when compared to May, beating a 2.4% median estimate of analysts surveyed by Bloomberg.

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Mexican Billionaire Ricardo Salinas Pliego Launches Libertarian University

The self-funded university is the latest endeavor for Salinas Pliego, who frequently rails against “cavemen governments” and communists on social media

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Why Is the Mexican Peso Getting Stronger in 2023?

Mexico’s currency has been appreciating consistently since mid-2020, making it one of the strongest among emerging markets over the last three years

Latin America’s second-largest economy is being propelled by companies setting up operations in to take advantage of access to the US market, a process known as nearshoring. Construction investment grew 37% annually while investment in machinery and equipment rose almost 21%, according to Monday’s figures.

June’s fixed income data includes a methodological change by Mexico’s statistical agency moving the base year to 2018 from 2013.

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Dividend Payments Soared in Mexico During Second Quarter

Global dividend distribution reached a record high between April and June. However, Latin America’s numbers were mixed

Read more at Bloomberg.com