Gross fixed capital formation rose 5.1 percent year on year in April, ending a 19-month streak of contractions.
INEGI reported that productive investment grew 4.0 percent month on month from March, its largest advance since November 2020. Spending on construction drove the result with an 8.8 percent year-on-year rise, while machinery and equipment advanced only 0.9 percent.
For the January-April period, gross fixed capital formation posted a 1.0 percent annual decline. Private investment fell 2.2 percent, in contrast with the 7.0 percent gain in public investment.
Analysts from Monex, Banamex and Valmex said the figure represents a positive signal, yet cautioned that it is still premature to confirm a trend change. The recovery remains concentrated in residential construction and public works.
