Foreign direct investment to Mexico falls in third quarter of 2016

The Mexican Economy Secretariat reported on 18 November 2016 that from January to September 2016, Mexico registered US$19.7 billion in Foreign Direct Investment (FDI), 8.4 percent lower than during the same period of 2015 (El Horizonte). FDI registered during the first nine months of 2016 came from 3,058 companies with 39.8 percent through reinvestment of profits, 32.4 percent in new investments and 27.8 percent through intercompany accounts (El Horizonte). The manufacturing sector received most of the investment with 61.2 percent, and other notable sectors included financial services with 12 percent and 4.2 percent for both power generation and mining. The U.S. was the leading source, with 35.7 percent of FDI inflows. Additional sources included Spain (13.2 percent), Israel (10.2 percent), Germany (8.8 percent) and Canada (6.4 percent), while 62 other countries accounted for the remaining 25.7 percent. President Enrique Peña Nieto’s administration, which came to power in December 2012, has accumulated US$127.5 billion in FDI so far in its six-year term, a figure 54 percent higher than in the same period of the previous administration, which totaled US$82.8 billion (Sin Embargo).