Mexico’s Fixed Investment Fell 8.9% YoY in August

Mexico’s gross fixed investment fell by 2.7% MoM and 8.9% YoY in August 2025, according to the National Institute of Statistics and Geography (INEGI). The decline reflects a continued slowdown in capital expenditure, particularly in machinery, equipment, and non-residential construction.

Adjusted for seasonality, investment in machinery and equipment dropped 3.1% compared to July, while construction decreased 1.5%. On an annual basis, machinery and equipment spending fell 10.5%, and construction investment declined 7.0%.  

Residential construction showed resilience, with a 10.0% annual increase. Meanwhile, non-residential construction, which includes industrial and infrastructure projects, contracted sharply by 18.5%. Domestic machinery and equipment investment decreased 9.2%, while imported equipment fell 11.9%.

In unadjusted figures, private investment fell 9.0% YoY in August, while public investment contracted more steeply by 21.2%.  

Within construction, private spending decreased only 2.6%, contrasting with a 30.8% plunge in public works. For machinery and equipment, private investment was down 15.1%, but public investment recorded a 9.5% increase.