(Recasts; adds historical comparison)
MEXICO CITY May 23 Mexican foreign direct investment (FDI) rose
to $7.9 billion in the first quarter of the year, 0.6 percent above the
preliminary figure for the same period a year ago, Mexico's Economy Ministry
said on Tuesday.
The figure was also nearly 40 percent above the FDI recorded in the fourth
quarter, when Donald Trump won election as U.S. president and began threatening
to impose steep taxes on American companies that move jobs to Mexico.
Still, central bank data show the final data for the first quarter ended
considerably higher during the last four years, and the 2016 final figure
totaled $10.4 billion - almost a third higher than the preliminary figure.
Growth data this week showed the Mexican economy has so far shrugged off
fears that Trump's policies would wreak havoc on exports and investment,
prompting the government to raise its full-year growth forecast.
The ministry said the preliminary figure was the highest for a January-March
period on record, thanks in part to a $620 million share purchase of Aeromexico
by U.S. carrier Delta Air Lines.
Some 50 percent of the quarter's FDI was from the United States, followed by
Spain and Germany, with just 14.4 percent and 6.4 percent, respectively, the
Manufacturing received the biggest share of the funds, followed by financial
(Reporting by Mexico City Newsroom, editing by G Crosse)