Remittances to Mexico register seventh consecutive dip, down 1.7% in October
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A view of Mexico city's skyline during a sunset as cars are pictured along Reforma Avenue in Mexico City, Mexico in this picture taken through glass in a building, May 24, 2023. REUTERS/Henry Romero
(Corrects month to October in paragraph 4)
MEXICO CITY, Dec 1 (Reuters) - Remittances to Mexico declined 1.7% from a year earlier in October, the nation's central bank said on Monday, totaling $5.64 billion.
October marked the seventh straight month of year-on-year declines in the remittances the country receives, contrasting with sharp increases reported for Central American countries in 2025.
The total number of remittances in the month declined 5.4%, while the average value of each payment sent edged up 4.0% compared to the same month last year, the central bank added in a report.
The amount for October resulted from the accumulation of some 14 million transactions averaging $403 each.
Accumulated remittances to Mexico through October 2025 totaled $51.34 billion, 5.1% lower than the amount received during the same period last year.
(Reporting by Aida Pelaez-Fernandez y Natalia Ramos; editing by Stefanie Eschenbacher)
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