The recovery of the economy and the markets is evident in all areas: consumption, international trade, asset prices, and, of course, inflation. Another indicator that has rebounded rapidly is foreign direct investment. According to fDi Intelligence, global foreign investment announcements reached their highest level in over a year in September, with 1,163 greenfield projects. Capex, however, has not yet returned to pre-pandemic levels: it totaled just over US$400,000 million in the first nine months of 2021, nearly 37% below the same period in 2019.
More than 20% of the announced projects are in the technology and information technology services sector, followed by the oil and gas sector.
The fDi Index, which measures investor sentiment, reached 939 points in September, its highest level since November 2019.
