Mexico | Remittances fell in January (-0.7% YoY) after 17 consecutive months of growth
Published on Monday, March 2, 2015 | Updated on Wednesday, April 1, 2015
Mexico | Remittances fell in January (-0.7% YoY) after 17 consecutive months of growth
Summary
The fall in remittances may not be directly linked to the changes in employment in the US, which continues to recover, posting an unemployment rate of 5.7% in January 2015. This atypical jump in remittance flow - at 20.8% YoY in December 2014 - may have affected the start of 2015, accounting for the negative flow in January
Geographies
- Geography Tags
- Mexico
Topics
- Topic Tags
- Migration
Tags
- Tags
- Remittances
Authors
Alfredo Salgado
Juan José Li Ng
BBVA Research - Senior Economist