Guatemala Economic Activity


Economic activity expands at slowest pace in 16 months in January

In January, economic activity expanded 2.9% over the same month last year according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The increase was below the 3.0% rise tallied in December (previously reported: +3.3% year-on-year) and marked the lowest increase since September 2012. As a result, the trend deteriorated, with average annual growth in economic activity inching down from 3.5% in December to 3.4% in January. The Central Bank expects the economy to grow between 3.3% and 3.9% in 2014. Consensus Forecast participants see GDP growing 3.4% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists also expect the economy to expand 3.4%.

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Guatemala Economic Activity Chart

Guatemala Economic Activity January 2014

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Guatemala Central Bank and FocusEconomics calculations.

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