MEXICO CITY (AP) -- Direct foreign investment in Mexico has fallen and officials blame it partly on the U.S. economic downturn.
Mexico's Economy Department says direct foreign investment fell to $10.5 billion in the first six months of this year. That's a 20 percent drop from the same period a year before.
Still, the amount puts Mexico on target to reach its $20 billion goal for 2008.
More than half of Mexico's direct foreign investment comes from the United States. The European Union follows with a third of all investment, and Canada provides 8 percent.
More than 40 percent of the investment went toward manufacturing.
The figures were announced Thursday.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.