Guatemala Economic Activity


Economic activity slows to year-low in October

In October, 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 reading undershot the 3.1% rise recorded in September and marked the lowest reading since October 2012.

Nevertheless, the trend stabilized, with average growth in economic activity stable at the previous month's 3.5%, which marked the highest level in 16 months.

The Central Bank expects the economy to grow between 3.2% and 3.6% in 2013 and between 3.3% and 3.9% in 2014. Consensus Forecast participants see GDP growing 3.4% in 2013, which is unchanged from last month's forecast. For next year, panelists expect the economy to expand 3.6%, which is also unchanged over the previous month's estimate.

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Guatemala Economic Activity Chart

Guatemala Economic Activity October 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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