Mexico Gross Fixed Investment Contracts

Gross fixed investment in Mexico contracted 2.6% from the previous year in March of 2026, less than market expectations of a 3.1% decline, but still marking 18 months without growth in investment. Capital formation through construction sank 3.5%, as residential construction dropped 8.7% to offset the 2.4% increase in non residential construction. Meanwhile, capital accumulation in machinery dropped by 1.5%, amid a 7.8% plunge in domestic machinery buildup. From the previous month, gross fixed investment inched higher by 0.4%.

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.