Mexico’s gross fixed investment fell 2.6% year-on-year in March 2026, a smaller contraction than the 3.1% decline expected by markets, yet extending the streak of no investment growth to 18 consecutive months. Capital formation in construction slipped 3.5%, as an 8.7% drop in residential building outweighed a 2.4% increase in non-residential projects. At the same time, investment in machinery declined 1.5%, driven by a 7.8% plunge in domestically produced equipment. On a monthly basis, gross fixed investment edged up 0.4%.