Residential investment fell 41.1% during April according to INEGI
The Gross Fixed Investment in Mexico referring to expenses in machinery and equipment of national and imported origin, as well as those of construction, registered a drop in real terms of 28.9% during April 2020, compared to March, with seasonally adjusted figures; Compared to the same month of the previous year, the drop was 37.1%,
Compared to April 2019, the residential construction segment presented a contraction of 41.1%; non-residential construction presented a 31.3% drop; and in investment in machinery and equipment, the drop was 38%, in the same period. It should be noted that in terms of machinery and transport equipment, the most severe fall was in this segment, with a record of 64.1%.
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