MEXICO CITY, Nov 20 (Reuters) - Foreign direct investment in Mexico plunged 37 percent in the first nine months of 2009 as the world financial crisis bit into capital flows, according to data released by the government on Friday.
Mexico attracted $9.75 billion in FDI in the nine months ending in September, the economy ministry said. The report did not provide a comparative figure but the government reported last year that FDI in the first nine months of 2008 was $15.56 billion.
However, the ministry also revised higher its estimate of FDI flows in 2008 to $22.516 billion, up sharply from an initial estimate of $18.6 billion.
The government forecast in May that foreign direct investment would fall to about $15 billion in 2009.
Manufacturing and financial services received the majority of FDI flows into Mexico in the period reported, the economy ministry said.
The United States was the principal source of FDI, providing nearly $5.2 billion, followed by the Netherlands, with $1.439 billion.
(Reporting by Robert Campbell; Editing by Gary Hill) Keywords: MEXICO ECONOMY/INVESTMENT (R.Campbell@thomsonreuters.com; +52 55 5282 7142; Reuters Messaging: robert.campbell.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
Mexico attracted $9.75 billion in FDI in the nine months ending in September, the economy ministry said. The report did not provide a comparative figure but the government reported last year that FDI in the first nine months of 2008 was $15.56 billion.
However, the ministry also revised higher its estimate of FDI flows in 2008 to $22.516 billion, up sharply from an initial estimate of $18.6 billion.
The government forecast in May that foreign direct investment would fall to about $15 billion in 2009.
Manufacturing and financial services received the majority of FDI flows into Mexico in the period reported, the economy ministry said.
The United States was the principal source of FDI, providing nearly $5.2 billion, followed by the Netherlands, with $1.439 billion.
(Reporting by Robert Campbell; Editing by Gary Hill) Keywords: MEXICO ECONOMY/INVESTMENT (R.Campbell@thomsonreuters.com; +52 55 5282 7142; Reuters Messaging: robert.campbell.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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