Wednesday, 9 September 2009

MEXICO: MÉXICO - Slight Increase in Remittances

Although falling at an annual rate, shipment averages increase in July

During the second quarter, remittances sent home by Mexicans working abroad slumped by 18% in annual terms, however, according to the Bank of Mexico (Banxico), the per consignment average for July showed a slight improvement amounting to $323 per shipment, a figure close to the $345 average in 2008. For Mexico’s poorest families, remittances represent 14% of their total income.
08-Sep-2009 03:09pm


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