Mexico Remittances September 2026 Banxico data, Digi Mart USA News: Remittances to Mexico lost momentum in September 2026, when the country received $5.362 billion, the lowest monthly amount in five months, according to the Bank of Mexico (Banxico). The figure represents a 1.6% increase compared with September 2025, but it was still the lowest level since April, when inflows totaled $4.983 billion.
Banxico also reported that remittances from January through September totaled $47.164 billion, up 2.1% from a year earlier. Mexico still receives more remittances on a cumulative basis, but the monthly data show that the trend has weakened.
The Centro de Estudios Monetarios Latinoamericanos (CEMLA) said the monthly slowdown is linked to job losses among Mexican workers in at least three key sectors in the United States. In its latest analysis, the organization documented that construction lost about 278,000 Mexican workers during the first three quarters of 2026, accounting for nearly 60% of the 465,000 fewer jobs recorded across the sectors analyzed.
CEMLA also reported that U.S. food services, recreation and accommodation lost 107,000 positions for Mexican workers, while manufacturing lost nearly 80,000 jobs.
The reduction in employment in these industries may also have contributed to the monthly weakening of remittances to Mexico.
The study traced the start of the employment contraction among Mexican immigrant workers to late 2024, and said it continued through the first nine months of 2026. Fewer jobs reduce one of the main income sources for people who send money to their families in Mexico.
Gabriela Siller Pagaza, director of economic analysis at Grupo Financiero BASE, warned that remittances remain affected by what she described as tough U.S. immigration policy, which is leading some undocumented Mexicans to avoid working and others to return to Mexico.
Siller said that between January and September 2026, job creation for people of Mexican origin totaled only 378,000 positions, compared with 1.317 million for other Latin American workers. She noted that for every job created among Mexicans, there were about 3.5 among the rest of Latino workers.
Siller explained that the gap reflects Mexicans who are not going to work out of fear of ICE raids and those who have left the United States. Fewer active workers also mean less capacity to sustain money transfers to families.
She warned that this combination points to a negative outlook for remittances over the coming years, not only for 2026. If fewer Mexicans work in the United States or more migrants return home, the labor base supporting these dollar flows to Mexico shrinks.
Banxico’s monthly series, in original figures, shows the evolution of money sent to Mexico between April and September 2026. Cumulative data for the first nine months of 2026 show that funds received grew even though fewer transactions were carried out.
In the same period of 2025, there were 118 million transactions, with an average of $391 per transfer.
