Remittances from Mexicans working abroad continued their steady upward trend in August and set a new monthly record, according to the Bank of México.
Total for the month was US $4.74 billion, up 32.7% over August 2020. It lifted the total for the year to $32.9 billion, an increase of 24.8% over the same period last year.
Remittances sent during the 12 months ending August 31 came to $47.1 billion, up from $45.9 billion in the previous 12-month period.
The August figure, up 4.5% over July’s total, was well above the $4.4-billion median estimate by economists in a Bloomberg survey.
Mexico News Daily