US EditionRemittances to Mexico fall 8.3% in August, marking 5th consecutive monthly decline
14 Articles
14 Articles
Remittance revenues stood at $5.578 billion last August, representing a fall of 8.3 percent compared to $6.82 million in the same month of 2024, revealed the Bank of Mexico (BdeM).
Remittances to Mexico fall 8.3% in August, marking 5th consecutive monthly decline
The inflow of remittances to Mexico declined in annual terms for a fifth consecutive month in August, while income from the international monetary transfers was also down in the first eight months of the year. The Bank of Mexico (Banxico) reported on Wednesday that incoming remittances totaled US $5.57 billion in August, a decline of 8.3% compared to the same month of 2024. On a positive note, remittances increased 4.6% compared to July to reach…
Mexico received $5.578 million in remittances in August, an annual contraction of 8.3 per cent. With this variation, it suffered five months of consecutive falls, according to data released by the Bank of Mexico (Banxico).In addition, the contraction seen in that month is the first recorded since 2012. In addition, from January to August the remittances amounted to $40.467 million, an annual decrease of 5.9 per cent, the first recorded fall for …
The relationship between Mexico and the United States goes through one of its most complex moments. One of the samples is the fall in the money shipments made by Mexican residents to our country until August. According to data from the Bank of Mexico, remittances fell 8.3%, with an amount of 5.578 million dollars at the end of that month, according to the report published this Wednesday. This is its fifth consecutive fall at annual rate so far t…
In August, remittances were 5,578 mdd, 8.28% less compared to the same month last year; they have five months with annual drop rates.
P. Sánchez For five consecutive months the flow of remittances by compatriots in the United States was affected, lighting up red lights on the impact on the economy of millions of Mexicans and Tlaxcaltecs, the Bank of Mexico (BANXICO) reported. According to the latest report by BANXICO on income from remittances to Mexico, it showed [...]
Coverage Details
Bias Distribution
- 60% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
