Guatemala Economic Activity July 2016


Growth in economic activity inches up in July

In July, economic activity increased 2.5% over the same month last year, according to the monthly indicator for economic activity (IMAE, Índice Mensual de la Actividad Económica). The result was slightly higher than June’s revised 2.4% increase (previously reported: +2.7% year-on-year) and was positively influenced by industrial manufacturing, transport and financial services.

Annual average growth inched down from a revised 3.3% in June (previously reported: +3.4%) to 3.2% in July, which represented the lowest reading since December 2012.

FocusEconomics Consensus Forecast panelists expect that GDP will grow 3.5% in 2016, which is unchanged from last month's forecast. In 2017, the panel expects GDP to inch up to 3.6%.

Author:, Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity July 2016 0

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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