UPDATE 1-Mexico gross fixed investment up 16.9 pct in Feb

Mon May 12, 2008 4:00pm EDT
 
[-] Text [+]

(Adds spending details from paragraph 3)

MEXICO CITY, May 12 (Reuters) - Mexico's gross fixed investment, a measure of spending on machinery, equipment and construction, rose a weaker-than-expected 16.9 percent in February from the same month a year ago, the government said on Monday.

Analysts in a Reuters poll ECONMX had predicted February gross fixed investment MXGFI=ECI would rise 18.45 percent.

Spending on equipment and machinery jumped 34.5 percent, which expenditures on imported equipment and machinery soared 48.4 percent, the government said in a statement.

Investment in domestically produced items edged up only 3 percent. Construction investment increased 6.1 percent in February from a year earlier.

Gross fixed investment inched up 0.80 percent compared with January, according to seasonally adjusted figures.

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
Citadel enters the fray

Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies.  Full Article | Full Coverage 

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better