Guatemala: Economic activity decelerates in September
November 7, 2013
In September, economic activity expanded 3.0% 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 August (previously reported: +3.2% year-on-year).
Nevertheless, the trend improved, with average growth in economic activity inching up from 3.4% in August to 3.5% in September, thus reaching a 15-month high.
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 3.3% this year, which is unchanged from last month's forecast. For next year, panelists expect the economy to expand 3.5%, which is also unchanged over the previous month's estimate.