Macro Analysis /
Global

Mexico: Family remittances – Strong inflows remain in June

  • Remittances came in at US$4,440.0 million (+25.5% y/y), better than expected and second highest ever

  • In our view, this was driven by strength in the US economy and sizeable fiscal stimulus

  • We maintain our view of inflows in full-year 2021 between US$48.0 to 48.5 billion, with attention on the US labor market

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

Banorte
2 August 2021
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