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Economic Pessimism Persists: Fixed Investment Fell 0.8% in February and Spins Two Months Down
Summary by El Economista
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The Mexican economy confirmed the weak start of the year during February, after the gross fixed investment and private consumption extended their monthly setbacks in the midst of an environment marked by commercial uncertainty, the deterioration in confidence and a lower internal dynamism. According to Inegi figures, to gross fixed investment fell 0.8% monthly in February, adding two consecutive months of contraction.The main weakness again conc…
Year-on-year, the indicator dropped 3.6%, bringing it to 18 months on negative ground; both fixed and private investment declined.
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