Remittances fall in July due to slowdown in US labor market

Remittances fall in July due to slowdown in US labor market

MEXICO CITY (apro).- Although, in the period from January to July 2024, the accumulated amount of income from remittances amounted to 36.94 billion dollars – equivalent to an annual growth of 2.9% – the month of July suffered an annual reduction of 1%, with income standing at 5.614 billion dollars. Today, the Bank of Mexico … Read more

Salvadorans received $3,390.4 million in remittances from January to May 2024

Salvadorans received ,390.4 million in remittances from January to May 2024

The database of the Central Reserve Bank (BCR) indicated that in May alone, the country received $752.9 million in remittances, and that the accumulated amount in the first five months of 2024 amounts to $3,390.4 million, which represents an increase of 1.8%. when comparing it with the same period last year, which was $3,331.8 million. … Read more

Remittances achieve a new record: they rise 2.8% annually in the first quarter

Remittances achieve a new record: they rise 2.8% annually in the first quarter

MEXICO CITY (apro).- Mexico received a record of 19,505 million dollars in remittances from citizens residing abroad, during the first four months of 2024, which means an annual increase of 2.8%, reported this Monday the Bank of Mexico (Banxico). In the month of April alone, the deposit was the highest so far this year and … Read more

Remittances in Mexico rise 2.8% annually in the first quarter

Remittances in Mexico rise 2.8% annually in the first quarter

The remittances received by Central American migrants in transit through Mexican territory, heading to the United States, are registering significant increases, according to the director of Remittances of Grupo Elektra, Eduardo Levy. In addition, there is a growth in transfers that these people make to their countries of origin when their stay is prolonged in … Read more

Remittances exceed the barrier of 5 billion dollars

Remittances exceed the barrier of 5 billion dollars

Although in March the remittances sent by Mexicans and Central Americans, mainly from the United States to their relatives and loved ones in Mexico, registered an annual drop, in monthly terms they recovered and once again exceeded 5 billion dollars per month. The Bank of Mexico (Banxico) reported that in the third month of 2024 … Read more

Domestic demand advances at the beginning of 2024: Inegi

Domestic demand advances at the beginning of 2024: Inegi

In it first month of the yearthe productive investment started on the right footwhile consumption did so with relative weakness. He productive investment indicator registered an advance of 0.1% monthly during the first month of the year, reported the National Institute of Statistics and Geography (Inegi). With this, The annual rate was 13.8% during JanuaryWith … Read more

Remittances for investment or consumption will be income-free

Remittances for investment or consumption will be income-free

The finance commission of the Legislative Assembly yesterday issued a favorable opinion to modify the Income Tax Law, with the aim of promoting the attraction of investment from Salvadorans abroad and motivating the injection of capital to companies in the country. If the legislative plenary session endorses this ruling today, the capital that the diaspora … Read more