Gross fixed investment in Mexico declined 7.1% year-on-year in May 2025, marking the ninth consecutive contraction, though improving from the 12.5% drop in April. The fall was mainly driven by a 10.3% decline in machinery and equipment investment, largely due to a 28.6% plunge in imported transport equipment. Overall investment in imported goods dropped 13.7%, while investment in national goods fell 4.8%. Construction activity also declined, with non-residential building down 17.5%, offsetting a 9.6% rise in residential construction. Public investment plunged 25.8%, and private investment decreased 4.9%. On a seasonally adjusted basis, gross fixed investment rose 0.9%, rebounding from a 1.6% drop in April.