Macro Analysis /
GlobalMexico: Family remittances–Strong in June despite signs of an economic cooldown
Remittances reached US$5,152.5 million (+15.6% y/y) in June, with a lower volume but strength in the average amount
Inflows grew 1.6% m/m, despite signs of a deceleration in US economic activity and the labor market
Although downside risks are on the rise, we maintain our 2022 remittances’ forecast at US$56.5 billion
Juan Carlos Alderete Macal
Director of Economic Research @ Banorte
Francisco Jose Flores Serrano
Senior Economist, Mexico @ Banorte
1 August 2022
Published byBanorte
