Guatemala Economic Activity


Economic activity hits 13-month low in December

In December, economic activity expanded 3.3% over the same month of the previous year according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The increase was below the 3.4% rise tallied in November (previously reported: +3.5% year-on-year) and marked the lowest increase since November 2012.

As a result, the trend deteriorated, with average growth in economic activity inching down from 3.6% in November to 3.5% in December.

The Central Bank expects the economy to grow between 3.3% and 3.9% in 2014. Consensus Forecast participants see GDP growing 3.6% in 2014, which is down 0.1 percentage points from last month's forecast. For 2015, panelists also expect the economy to expand 3.6%.

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Guatemala Economic Activity Chart

Guatemala Economic Activity December 2013

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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