Mexico’s gross fixed investment increased 6.6% year-on-year in July 2026, easing from a 7.7% rise in June but exceeding market expectations of a 5.6% gain. This marks a fourth consecutive month of expansion, albeit at a slower pace as investment growth in the public sector slowed to 6.2% from 18.1% a month earlier. Private investment growth rose further to 6.7% from 6%. Construction investment rose 7.1%, driven by a 10.6% rise in residential construction. Investment in machinery and equipment rose 6.2%, largely due to an increase in imported capital of 11.5%. However, domestic capital in machinery and equipment declined 2.5%. On a monthly basis, gross fixed investment rose 1.4%, following a 1.3% rise in June. In the first seven months of 2026, gross fixed investment increased 1.7% from the same period a year earlier.