Mexico's FDI grows 1.5 pct in first half of 2019

Source: Xinhua| 2019-08-21 05:39:08|Editor: Mu Xuequan
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MEXICO CITY, Aug. 20 (Xinhua) -- Foreign Direct Investment (FDI) in Mexico grew 1.5 percent in the first half of 2019, adding 18.1 billion U.S. dollars, the Ministry of Economy said on Tuesday.

"The increase concentrated in the reinvestment and new investment areas, although subsequent figures adjustment could alter the result," the ministry said in a statement.

About 42.8 percent of the FDI went to manufacturing industry, 12.9 percent to commerce and 9.9 percent to financial and insurance services.

The greatest part of capital came from North America and Europe, the statement added.

About 37.9 percent of the investment came from the United States, 15.4 percent from Canada, 11.1 percent from Spain, 6.5 percent from Germany, and 4.1 percent from Belgium.

Mexico is the second largest recipient of FDI in Latin America after Brazil, according to the Economic Commission for Latin America and the Caribbean.

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