Mexico Investment Falls More Than Expected in February

Mexico’s gross fixed investment fell 4.2% year-on-year in February 2026, following a 3.3% drop in the prior month and missing forecasts of a 2.1% decline. Spending on machinery and equipment plunged 9.7% after a 9.8% fall in January, with domestic investment down 14.3% and imports of capital goods decreasing 6.5%. In contrast, construction investment rose 1.1% after a 3% gain in the previous month, supported by a 2.2% increase in residential building, while non-residential construction edged up 0.1%. On a seasonally adjusted monthly basis, gross fixed investment declined 0.8%, extending the 1.1% drop recorded in January.

Mexico's gross fixed investment fell 3.3% year-over-year in January 2026, following a flat reading in December and below forecasts of a 2.1% drop. Spending on machinery and equipment fell 9.8% after declining 4.6% in December, with national sector investment down 12% and imported goods purchases down 8.3%. Investment in construction rose 3% following a 4.3% gain in the prior month, with residential spending up 6.8%, while non-residential construction dropped 0.5%. On a seasonally adjusted monthly basis, gross fixed investment declined 1.1% after rising 0.5% in December.

Mexico's gross fixed investment was unchanged in December 2025 compared to a year earlier, following a 6.5% decline in the prior month, above forecasts of a 2.8% drop, and marking the first non-negative result since August 2024. Spending on construction rose 4.3%, accelerating from 1.3% in November, driven by a 13.3% surge in residential construction. Meanwhile, investment in machinery and equipment fell 4.6%, moderating from a 14.7% plunge in the previous month, with national machinery and equipment down 9.3% and foreign purchases declining 1.2%. On a seasonally adjusted monthly basis, gross fixed investment expanded 0.5%, matching the growth rate recorded in November.