The Bank of Mexico says remittances for the month reached $1.8 million, less than a 1 percent increase over April 2009. The bank says no increases had been reported since November 2008. But it also noted in its report that remittances from January to April this year dropped to $6.6 million, nearly 9 percent less than the same year-ago period.
Remittances are Mexico's second-largest source of foreign income after oil exports. Nearly all of the money comes from the US, where nearly 12 million Mexicans live.
