Friday, 2 July 2010

Mexico's Family Remittances Rose 12% In May To $2.13 Billion

MEXICO CITY -(Dow Jones)- Remittances received by Mexicans from family members living abroad grew in May at the fastest pace in nearly four years, the Bank of Mexico said Thursday.

Mexico's family remittances rose 12% in May from a year ago to $2.13 billion, according to data published on the central bank's website.

May was the second consecutive month that remittances rose in annual terms, following a 17-month slide amid the economic recession in the U.S., where the majority of Mexican migrants seek employment. Read more

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