Macro Analysis /

Mexico: remittances – Sequentially low in March, but still with a positive trend

  • Remittances reached US$4,680.6 million, close to our call and consensus, and up 12.6% y/y

  • Sequentially, inflows dropped 2.1% m/m, surprising to the downside despite a strong US economy and labor market

  • We maintain our positive view for remittances, albeit with risks from inflation, the Fed’s hiking cycle, and migration

Juan Carlos Alderete Macal
Juan Carlos Alderete Macal

Director of Economic Research

Francisco Jose Flores Serrano
Francisco Jose Flores Serrano

Senior Economist, Mexico

2 May 2022
Published byBanorte


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