Latam Daily: Mexican Macro and Peru Investment RecapGLOBAL ECONOMICS

中文标题

拉美日报：墨西哥宏观与秘鲁投资回顾 · 全球经济

Scotiabank Economics09/04/2026updated 10/17/2026

Multiple economies

Citable research brief

Core conclusion · Tlines extraction

Scotiabank Economics' Latam Daily for September 4, 2026 reviews Mexican macro data showing resilient remittances, a rebound in fixed investment, and moderate private consumption growth, alongside Peruvian investment in concessioned transport projects posting double-digit growth. The report maintains the 2026 Peru transport investment forecast of US$1.35bn with upside risks.

Institution: Scotiabank Economics
Published: 09/04/2026
Research topic: macro · Peru transport investment
Time horizon: current · medium-term

Key arguments

Mexico's remittances showed resilience in July with a 3.0% annual increase, supported by a higher average transaction amount despite a slight dip in transfer numbers.
Fixed investment rebounded strongly in June, driven by construction and imported machinery and equipment, although H1 performance remained uneven.
Private consumption growth remained moderate in June, led by imported goods but constrained by weak domestic durable and semi-durable goods.
Peru's investment in concessioned transport projects grew over 21% y/y through July, with major projects progressing well and a clear policy drive to accelerate development.

Key numbers

Mexico July remittances: US$5.57bn, +3.0% y/y
Mexico Jan-Jul remittances: US$36.35bn, +3.1% y/y
Mexico last-12m remittances: US$63.57bn
Mexico June fixed investment: +7.7% y/y
Mexico June construction: +9.2% y/y
Mexico June machinery and equipment: +6.0% y/y
Mexico June imported machinery and equipment: +10.2% y/y
Mexico H1 fixed investment: +0.8% y/y

Main risks

In Mexico, remittance growth could soften if the US labor market weakens.
Persistent weakness in domestic durable and semi-durable goods consumption could weigh on overall consumption growth.
Peru's investment forecast is subject to upside risks, but execution delays in major projects could hamper progress.

Corresponding source evidence

The total comprised investment in airports (US$436 mn), railways (US$298 mn), roads (US$80 mn), and ports (US$11 mn). · current
According to Ositran, as of early August, Stage 1B in Line 2 had reached average progress of 96% in civil works and Stage 2, 91%, while the future Line 4 branch stood at 66%. · medium-term

Context: the conclusion is Tlines' automated extraction, not the institution's wording. Quoted evidence is publisher wording. Scope and date must travel with the conclusion.

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