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.

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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.

(This story has been corrected to change the month from September to October, in paragraph 4)

https://www.reuters.com/world/americas/remittances-mexico-register-seventh-consecutive-dip-down-17-october-2025-12-01/