Foreign direct investment (FDI) reached a record high in the first quarter of 2021, preliminary data shows, but less than 20% of the money that flowed into Mexico was destined for new investment.

The Economy Ministry (SE) reported Thursday that FDI was worth US $11.86 billion between January and March, a 14.8% increase compared to the first quarter of 2020, for which preliminary data showed that investment totaled $10.33 billion.

Source: Mexico News Daily