Mexico: Remittances continue to surge in May
Remittances reached USD 4.5 billion in May, representing a 31.0% year-on-year surge. This followed April’s 39.1% year-on-year expansion. In the 12 months up to May, remittances totaled USD 44.0 billion, above the USD 43.0 billion registered in April. May’s 12-month moving average marked a 16.0% expansion from a year earlier (April: +13.6% year-on-year).