Business

Mexico's Investment Quandary and Solar Splendor 🌞

Get a taste of Mexican business news! From investment slowdowns to remittance revelations and solar splendor, stay informed with our take on the latest economic happenings. Viva Mexico! 🇲🇽🌮🎉

Mexicanist

Jun 5, 2023 — 3 min read

Tourism sector thrives in Nuevo Leon, with a 20% increase in economic revenue from January to April. The beautiful landscapes continue to attract visitors from near and far.

Hold onto your sombreros, folks! We've got a spicy mix of news brewing in the Mexican business arena. From investment highs and lows to remittance revelations, grab a margarita, and let's dive in!

First up, the Gross Fixed Investment (GFI) in Mexico hit the brakes like a speed bump in March. This essential economic indicator decelerated sharply, stumbling from a growth rate of 1.79% in the previous month to a measly 0.46%. Someone needs to hand GFI a cup of coffee, pronto!

But fret not, amigos, as there's a silver lining amidst this investment cloud. Consumption, the backbone of any thriving economy, has bounced back like a jumping bean. After a brief stumble with a 0.96% drop, consumption in Mexico regained its mojo, growing by 0.31% in March. And what's fueling this recovery, you ask? Well, it seems the demand for imported goodies has lit a fire under the consumption wagon. Who can resist those treasures from afar?

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