Private investment in Mexico fell 3.1 percent year-on-year in November of 2018, down from an upwardly revised 3.6 percent rise in the previous month. Investment dropped for machinery & equipment (-3 percent from 7.1 percent in October), as domestic purchases (-12.1 percent from -3 percent) went down more and external ones (3 percent from 14 percent) slowed sharply. In addition, construction activity investment also declined (-3.3 percent from 0.8 percent), due to a fall in the residential segment (-2.4 percent from 3.7 percent) and a faster decrease in non-residential (-4.1 percent from -1.9 percent). On a seasonally adjusted monthly basis, investment slumped 3.1 percent, after a downwardly revised 0.1 percent increase in October. Private Investment in Mexico averaged 3.03 percent from 1994 until 2018, reaching an all time high of 33.10 percent in July of 1996 and a record low of -41.90 percent in June of 1995.
Private Investment in Mexico is expected to be 3.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Private Investment in Mexico to stand at 3.10 in 12 months time. In the long-term, the Mexico Gross Fixed Investment is projected to trend around 3.10 percent in 2020, according to our econometric models.