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The send dollars to our country reported a cumulative $ 24 million to $ 676 million in September, its highest level since January until September since the availability of records, revealed Thursday Bank of Mexico (Banxico).
This figure was 10.8% higher than that recorded for the same period in 2017.
The Mexican Central Bank said that during the ninth month of the year, $ 2,709 million had been collected for the concept of family remittances, representing an increase of 8.8% year-on-year.
"Migradollaries" received during the "patriotic month" were below consensus estimates of analysts consulted by Bloomberg, which provided an inflow of dollars of about $ 2,784 million.
Juan Carlos Alderete, senior economist Grupo Financiero Banorte, considers that the flow of remittances was largely explained by the 2% depreciation of the Mexican currency in September.
"In addition, the dynamism of the US labor market continues to have a favorable impact on Mexican workers, particularly the number of Mexican employees with citizenship has increased by 5% compared to their peers. annual comparison, "said the Banorte specialist.
According to Banxico, the preferred way to send funds to our country are the electronic transferssince September they were 8 thousand 451 operations this way.
The average amount of payments was $ 317 (approximately $ 6,400,392), the lowest amount since March of this year.
Alberto Ramos, economic analyst Goldman Sachs, He expects workers' remittances to remain strong in the near term, given the sustained growth in US employment.
"We expect remittance growth in dollar terms to stabilize at around 6-7 percent a year." We note that remittance flows have remained strong and have adding support to the current account and private consumption, especially for low-income families, who have a high propensity to consume and who are the most important recipients of these transfers, "said Goldman Sachs specialist.
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