Mexico city at goldenhour

Mexico Remittances June 2022

Mexico: Remittances rise in June

Remittances totaled USD 5.2 billion in June, reflecting a 15.6% year-on-year increase, following May’s 14.3% year-on-year expansion.

On a cumulative 12-month basis up to June, remittances summed USD 55.5 billion, following the USD 54.2 billion registered in May. June’s 12-month moving average signaled a 23.4% rise from a year earlier (May: +24.4% year on year). The strong U.S. labor market continues to buoy remittances inflows, which likely boosted private consumption in turn during the second quarter. However, a likely slowdown in the U.S. labor market in the coming quarters as monetary policy tightens could weigh on remittances ahead.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest