Foreign direct investment in Mexico goes down
August 25th, 2011 - 11:57 am ICT by IANSMexico City, Aug 25 (IANS/EFE) Mexico attracted a total of $10.6 billion in foreign direct investment in the first half of 2011, 13.3 percent less than in the same period of 2010, the Economy Secretariat said Wednesday.
The FDI that entered Mexico during the first six months of 2011 came from a total of 2,742 companies, the secretariat said in a statement.
The manufacturing sector accounted for the largest proportion of the total, 37.7 percent; followed by financial services and insurance, 21.5 percent; and commerce, 13.8 percent.
By country, the main sources of FDI were the US, with 74.1 percent of the total; Switzerland, 11.7 percent; Spain, 8.5 percent; and France, 1.4 percent.
Reinvested profits accounted for nearly 57 percent of first-half FDI, or roughly $6.03 billion, while new investments and inter-company accounts represented 31.8 percent and 11.4 percent of the total, respectively.
All of the FDI data released Wednesday is preliminary and may subsequently be revised by the companies.
–IANS/EFE
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Tags: company accounts, economy secretariat, efe, fdi, financial services, foreign direct investment, france 1, insurance, inter company, investments, manufacturing sector, mexico city, profits, proportion, secretariat, six months, spain, switzerland