Remittances Show Another Annual Decline
Mexican households receiving remittances recorded $5,125 million in November 2025, according to data collected by Mexico’s central bank, Banxico.
Comparing this year to the same period last year, there was a 5.7% annual decline in remittances received by the 4.4 million families.
This negative trend has persisted for nine months in 2025, compared to the historical dynamism observed in remittance inflows during the previous year. The deepest annual drop was recorded in June, at 16.2%.
Banxico’s figures show that in the 11 months reported so far, remittances totaled $56,469 million, an accumulated flow lower by 5.1% compared to 2024’s $59,523 million over the same period.
INEGI Reports Loss of 1 Million Jobs in November
The National Occupation and Employment Survey (ENOE), published by INEGI, detailed that Mexico’s labor market lost 158,179 jobs in November, all concentrated in the informal economy and predominantly affecting women.
According to ENOE data, those who lost their jobs transitioned to the inactive population, allowing the unemployment rate to rise marginally from 2.6% in October to 2.7%.
The underemployment rate, which considers those working reduced hours or fewer hours than available, was also impacted by this movement from active to inactive population, falling from 7.5% to 7.2% compared to October.
Import Duty Revenue Grows in November
Revenue from the import duty increased during the penultimate month of 2025, reaching 115,500 million pesos, according to the Public Finance and Public Debt Report by Mexico’s Secretariat of Finance and Public Credit (SHCP).
These results, representing a 19% annual increase, were bolstered by various modifications in foreign trade matters and increased scrutiny at the country’s customs.
The Mexican peso appreciated against the US dollar in the first official session of 2026. The local currency held steady below the 18 pesos level it ended 2025 at.
The exchange rate concluded Friday’s trading session at 17.9142 pesos per dollar, according to the official close by Banxico. Compared to LSEG’s reference of 17.9809 (without an official close due to the New Year’s holiday), it gained 6.67 centavos or 0.37%.
Mexico’s stock markets closed Friday with losses, extending their four-session streak of declines.
The S&P/BMV IPC, the BMV’s leading index comprising the most actively traded local shares, fell 0.26% to 64,141.36 points. The FTSE BIVA index by the Bolsa Institucional de Valores (Biva) dropped 0.04% to 1,272.02.
Within the reference index, performances were mixed. Industrias Peñoles led the declines with a 4.15% drop to 907.48 pesos, while Grupo Financiero Banorte stood out among gainers with a 2.93% increase to 171.16 pesos.
Mexico’s stock markets saw strong advances in 2025. The S&P/BMV IPC rose nearly 30% in its best year since 2009.
The three leading indices in the New York Stock Exchange had mixed performances in the final session of the week.
The trading day was light, marked by a sharp decline in Tesla’s stocks, an electric vehicle manufacturer.
The agreed-upon minimum wage increase took effect on January 1, 2026.
In 2026, the general monthly minimum wage will be 9,582.47 pesos, while the frontier north free zone monthly minimum wage will be 13,409.80 pesos.
On December 3, 2025, employers, unions, and authorities announced a unanimous 13% increase in the general minimum wage and a 5% rise for the frontier north’s 46 municipalities.
Mexico’s tariffs on importing various products from China and other countries without trade agreements took effect on January 1, 2026.
These customs duties were approved by Mexico’s Congress in December 2025, following a year marked by the trade war initiated by then-US President Donald Trump, who threatened Mexico with tariffs upon his return to the White House.
As we enter a new year, it’s worth knowing the significant dates, such as official holidays or bridges for working and studying individuals.
According to current labor legislation, 2026 will have seven mandatory official holidays for working individuals.
