| | |  Business News | February 2009 
Mexico: 2008 Foreign Investment Down Sharply
 Associated Press
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Mexico City - Mexico says foreign direct investment in the country dropped sharply to $18.6 billion in 2008, from $27.2 billion in 2007.
The decline is more pronounced because the Economy Department revised the 2007 figure upward, from the previously reported total of $23.2 billion.
The department statement Friday did not give a reason for the decline.
Much of the investment came from the United States, which contributed 45.7 percent, while 11.8 percent came from Canada and 11.7 percent from Spain.
About one-third of the investment went to the manufacturing sector, 22.9 percent went into mining and 21.4 percent was invested in the financial sector. |
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