Mexico Remittances


Mexico: Remittances moderate in May

July 1, 2011

Remittances from workers abroad continue to gradually recover. In May, remittances added USD 2.17 billion, which represents a 1.0% expansion over the value recorded in the same month last year. The print came in below April's 4.7% expansion but was in line with market expectations, as weak U.S. payroll data suggested a deceleration. Despite the recovery experienced during the last year, remittances are still 17.8% below the USD 2.64 billion pre-crisis peak reached in October 2008. Furthermore, as the labour market in the United States where a vast majority of Mexican remittances originate is expected to improve only slowly going forward, the recovery in remittances is likely to remain depressed.


Sample Report

Looking for forecasts related to Remittances in Mexico? Download a sample report now.


Mexico Economic News

More news

Search form