Weekly Report - 29 November 2007 (ISSN 1741-7422)

MEXICO | Remittances. In the third quarter of 2007 the inflow of remittances came to US$6.33bn. This was 2.7% up on the same period of 2006. For 2007 as a whole, remittances, according to the Banco de México, came to US$18.2bn, up 1.4% on the first nine months of 2006. The third quarter figures suggest that Mexicans working in the US have adjusted to the problems in the construction industry, where a lot of them worked, and have started to find other jobs. In the first quarter of 2007, the flow of remittances was actually down (0.7%) on the same period of 2006.

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