Guatemala: Economic activity eases to seven-month low
December 5, 2014
In October, economic activity increased 4.1% over the same month last year, according to the monthly indicator for economic activity (IMAE, Indice Mensual de la Actividad Economica). The expansion was a slight deceleration from September’s 4.3% rise, and represented the mildest expansion in seven months. Despite the slowdown, the indicator still illustrates robust growth in the Guatemalan economy. October’s figure marked the seventh consecutive month of above 4.0% growth.
Annual average growth in economic activity remained stable at September’s 3.9%, which had represented the highest growth rate since February 2012.