Tag Archives: Banorte

Mexico Registers Record $51.6 Billion in Remittances in 2021

XINHUA Mexico received a record $51.594 billion in remittances in 2021, according to a report released Tuesday, Feb. 2, by the Central Bank of Mexico (Banxico). The amount of money that Mexicans living abroad sent home to their families last year was 27.1 percent higher than the amount in 2020, when the country received $40.605  in remittances, Banxico data showed.

Read more

Mexican Economy Contracts for Third Trimester in a Row

By THE PULSE NEWS MEXICO STAFF Despite repeated promises from President Andrés Manuel López Obrador (AMLO) of a 6-percent economic growth in 2021, Mexico registered a 0.2 percent contraction last quarter, marking three straight trimesters in a row of decline in the nation’s gross domestic product (GDP), according to statistics provided Wednesday, Jan. 19, by the National Institute of Statistics

Read more

Consumer Confidence in Mexico Backslides in November

XINHUA Consumer confidence in Mexico declined in November compared to the previous month after five months of increase, dragged down by greater pessimism about the economy and the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said Friday, Dec. 4. The Consumer Confidence Index (CCI) stood at 36.7 units in November, one point lower than in October and

Read more

Gross Fixed Investment in Mexico Up 20 Percent

XINHUA Gross fixed investment in Mexico rose 20.1 percent in June compared to May, its first increase after four months of poor performance amid the covid-19 pandemic, the National Institute of Statistics and Geography (Inegi) said. However, the indicator plummeted 24.1 percent in June compared to the same month of 2019, dragged down by a drop in construction and the

Read more
« Older Entries