Gross Fixed Investment

Inegi's Gross Fixed Investment index clicked ahead at a 6.71% annual rate in September (also up strong 1.22% seasonally adjusted monthly rate), but capital expenditure remains very sluggish overall. The GFI is up a mere 1.01% YTD and remains a savage -14.80% off historic levels achieved in October 2008, before recession set in.

Construction, the other major component of capital formation, is also struggling, essentially showing no YTD growth (+0.14%). Indices below are NOT seasonally adjusted. (2003=100)


2010 Gross Fixed Investment

Total Machinery & Equip. Domestic Imported Construction

Jan 121.9 133.2 112.5 145.2 116.1
Feb 116.2 118.5 101 128.6 115
Mar 133 139.8 111.2 156.3 129.4
Apr 122.2 126.6 106.7 138 120
May 130.4 133.4 105.7 149.3 128.8
Jun 130.8 139.1 110.2 155.7 126.5
Jul 131.9 140.5 120 152.3 127.4
Aug 133.6 149.4 117.2 167.9 125.4
Sep 133.6 152.5 122.7 169.6 123.9