UPDATE 1-Mexico gross fixed investment rises in Dec vs Nov

(Adds month-over-month reading, background)

MEXICO CITY, March 11 (BestGrowthStock) – Gross fixed investment in
Mexico grew for the third straight month in December as the
economy rebounded from a deep recession, the national
statistics agency said on Thursday.

Spending on machinery, equipment and new construction rose
0.19 percent from a month earlier.

But in a sign of the depth of last year’s economic slump,
the reading was still 4.1 percent lower than that of December
2008.

Analysts had predicted investment would decline 5.0 percent
from year-earlier levels.

Mexico’s economy contracted 6.5 percent in 2009 as exports
to the United States, its main market, plunged. With the U.S.
economy on the mend, the Mexican government expects economic
growth of 3.9 percent in 2010.

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(Reporting by Jason Lange; Editing by James Dalgleish)

UPDATE 1-Mexico gross fixed investment rises in Dec vs Nov