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Latin America Investment News on Viva Tropical

Foreign Investment Grows 9.7% In Mexico

Article Summary:

Foreign direct investment in Mexico during 2011 increased 9.7% over the previous year. The figure, which amounted to $ 19.439 million, exceeded the projections estimated by the Bank of Mexico, the Ministry of Economy and international analysts.

Original Article Text From Prensa Grafica via Google Translate :

Foreign Investment Grows 9.7% In Mexico

Foreign direct investment (FDI) in Mexico during 2011 increased 9.7% over the previous year.

The figure, which amounted to $ 19.439 million, exceeded the projections estimated by the Bank of Mexico (Banxico), the Ministry of Economy and international analysts. The best quarter of 2011 was the fourth, which saw foreign investment flows showed a total of 48.9% above the originally reported for the same period in 2010, according to the Ministry of Economy yesterday.

By sector, manufacturing, with 44.1%, is the largest recipient of foreign investment. They are followed by financial services and insurance, with 18%, commerce, with 9.5% and construction with 6.4%. United States established itself as one investor in the country, with 55% of investments.

Spain is second with 15.0%. The increase reflects a 41.4% of new investment, a 39.3% reinvestment of profits and 19.3% between carriers.

The positive figure measures movement formally notified to the National Register of Foreign Investment of the Ministry of Economy.

However, the growth of foreign investment is accompanied by volatility in the Mexican Stock Exchange, according to Banxico.

During 2011, foreign participation amounting to $ 129.257 million, was reduced by 20% over 2010.

Over $ 32.000 million in 2011 left the market.

Stock Movement
Moreover, the Mexican stock market rose 1.01% on Monday driven by the expectation of closing a deal for Greece receives an urgent bailout and China’s decision to launch economic stimulus measures.

The main stock index of the Mexican stock exchange ended the session at 38,296 points, a gain of 1.01% and a low turnover due to a U.S. holiday.

Link to Original Article:

From Prensa Grafica

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