The Secretariat of Economy (SE) said México recorded $5.821 million dollars in Foreign Direct Investment (FDI) during the first quarter of 2014. This is 17 percent higher than during the first quarter of 2013. The Secretariat also noted that this is the highest preliminary FDI figure since 2007 and higher than the average of the preliminary results recorded in the first quarter of the past six years by 38 percent.
The SE said that 61 percent of the FDI came from reinvested earnings, 31 percent of new investments, and 8 percent from accounting between companies. A total of 1,671 companies reported foreign direct investments.
By industry, 43 percent of foreign direct investments came in the manufacturing sector, 25 percent in financial services, 11 percent in the construction sector, 10 percent in the media industry, 8 percent in mining, and 3 percent other sectors.
(from El Diario)
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