Guatemala: Economic activity drops for fifth month running in July
September 10, 2020
Economic activity declined 4.8% compared to the same month a year earlier in July, which was a less pronounced drop than June's 7.2% decrease. The reading marked the fifth consecutive fall and came on the back of widespread drops in activity across sectors due to Covid-19 and restrictive measures to curb the spread of the virus.
Consequently, annual average growth dropped to a 0.9% contraction in July from a 0.2% contraction in June.