Guatemala Economic Activity


Economic activity remains robust in June

In June, economic activity rose 4.0% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The reading matched the result tallied in May (previously reported: +3.8% year-on-year).

As a result of the strong annual print, the trend continues to point upwards, with annual average growth in economic activity inching up from 3.3% in May to 3.4% in June.

The Central Bank expects the economy to grow between 3.2% and 3.6% in 2013. FocusEconomics Consensus Forecast participants see GDP growing 3.3% this year, which is down 0.1 percentage points from last month's forecast. For next year, panellists expect the economy to expand 3.6%.

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Guatemala Economic Activity Chart

Guatemala Economic Activity June 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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