Mexico | New Banxico measurement pushes remittances up by 5% in 2017 & 2018,+10.3% in July

Summary

In July 2,866.5 million dollars (md) of remittances entered Mexico, growing at an annual rate of +10.3%, an amount very close to that forecast by BBVA Research (2,876 md) and that of market consensus (2,900 md). With this figure, remittances have seen 28 consecutive months of growth since April 2016, during which average growth rates of 11.0% were reported.

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