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Gross fixed capital formation grows 13.8 percent in Mexico

Mexico City, Apr 3 (Prensa Latina) Mexico's gross fixed capital formation grew 13.8 percent in real terms and at annual rate last January, the National Institute of Statistics and Geography informed today.

According to the entity, among these results of the indicator (which shows the behavior of investment in fixed assets in the short term), expenditures in construction rose 21.2 percent and in machinery and equipment, six percent, during the first month of the year.

At a monthly rate and with seasonally adjusted figures, gross fixed capital formation increased 0.1 percent in real terms.

By component, spending on construction increased 0.3 percent and on machinery and equipment -of domestic and imported origin- decreased 0.2 percent, last January and with seasonally adjusted data.