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Mexico | Remittances grow 9.1% in August completing 29 consecutive months of growth

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The dynamics of remittances are explained firstly by the number of transactions recorded, which increased by 5.0%, and secondly by the 3.8% increase in the average amount of remittances. In real terms, remittances grew by 9.9%, mainly due to the exchange rate effect.

Geographies:Mexico
Topics:Migration

 

Remittances grew during August and reached a flow of US$2,856 million, slightly less than forecast by BBVA Research (US$2,871 million) and below market consensus expectations (US$2,902 million)

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