Guatemala Economic Activity November 2018

Guatemala

Guatemala: Economic activity accelerates in November

January 9, 2019

Growth in economic activity accelerated from 3.2% year-on-year in October to 3.4% in November, according to Banguat’s monthly index of economic activity. The result came on the tails of the wholesale and retail trade; transportation; storage and communications; manufacturing; private services; and financial intermediation and insurance.

Annual average growth in economic activity inched up from 2.9% in October to 3.0% in November.

Banguat expects growth of between 3.0%–3.8% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.1% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists predict growth to accelerate to 3.0%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity November 2018 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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