Remittances from the U.S. to Mexico dropped for the fourth month straight in July, according to the Mexican central bank. The figure, which clocked in at $5.33 billion, represents a 4.7 percent decrease compared to the same month last year, the institution noted.
So far this year people in the U.S. have sent $34.88 billion to Mexico, a 5.5% drop at an inter-annual level. Moreover, remittances sent abroad from Mexico reached $100 million in July, a 9 percent inter-annual drop. The accumulated figure for 2025 so far is $687 million, a 13.7% drop compared to the same period last year.
