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SURVEYS SHOW THAT REMITTANCES FROM MEXICAN EXPATRIATES SLOWED CONSIDERABLY IN FIRST HALF OF 2007.

Publication: SourceMex Economic News & Analysis on Mexico
Publication Date: 15-AUG-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
A slowdown in the US construction industry, a federal crackdown on undocumented immigrants, and other factors have come together to slow the growth in the remittances sent by Mexican expatriates in the US to relatives in Mexico. The Banco de Mexico (central bank), which issues regular on to...

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...updates remittances, said expatriates sent back about US$11.4 billion Mexico during January-June of this year. While this total is about the same as the amount sent back in January-June 2006, the figure bucks the trend prevalent throughout the past decade, when remittances increased by about 10% annually.

The Banco de Mexico's statistics are compatible with a survey sponsored by the Inter-American Development Bank (IDB) and conducted by the Florida-based private polling company Bendixen and Associates. The IDB-Bendixen figures for January-June were presented in comparison with all of last year, while those for the Banco de...

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