In December 2025, the Monthly Indicator of Gross Fixed Capital Formation (IMFBCF) , which represents spending on domestically produced and imported machinery and equipment, as well as construction, registered a 1.6% drop compared to the same month in 2024 , the National Institute of Statistics and Geography (Inegi ) announced

On the contrary, in its monthly measurement, gross fixed investment in Mexico showed a positive variation, registering an increase of 0.5% in the last month of last year .

By component, construction spending grew 0.9% in December 2025 compared to the previous November. Within this component, residential construction increased 2.5%, while non-residential construction remained unchanged during the period

Meanwhile, investment in machinery and equipment fell 0.3% month-on-month in the reference cycle (domestic production contracted 1.3% and imported production increased 0.6%).

On an annual basis, investment in machinery and equipment fell by 7.9%, with a decline of 11.8% in domestically produced machinery, and a negative variation of 4.9% in imported machinery.

Meanwhile, construction spending rose 4.1% in December 2025 compared to the last month of 2024, driven by residential investment, which increased 14.2% year-on-year. Investment in non-residential construction showed a 3% year-on-year contraction.

What is the IMFBCF?

The Monthly Indicator of Gross Fixed Capital Formation provides monthly information and allows us to understand the behavior of investment in fixed assets in the short term.

“This includes goods that are used continuously in the production process for more than a year and that are subject to property rights. The IMFBCF indicates how a portion of the gross value added in the economy is invested rather than consumed,” Inegi emphasized.

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