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Mexico’s August Remittances Drop 8.3% to $5.58 Billion, Fifth Straight Monthly Slide

Banxico reports fewer transfers, signaling a softer 12-month flow.

Overview

  • Transfers totaled 13.8 million in August, down from 14.9 million a year earlier, according to central bank data.
  • About 4.1 million beneficiary families received an average of $402, extending a three-month streak with averages above $400.
  • Cumulative receipts for January through August reached $40,467 million, 5.9% below the same period in 2024.
  • Outbound remittances from Mexico fell 12.1% to $91 million, leaving a remittance-account surplus of $5,487 million versus $5,978 million a year earlier.
  • Seasonally adjusted inflows rose 4.2% from July, while the rolling 12-month total eased to $62,212 million.