Guatemala Economic Activity September 2018

Guatemala

Guatemala: Economic activity edges down in September but stays robust

November 7, 2018

Data from Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica) showed that economic activity increased 3.0% in September over the same month a year ago. The result, which is down from the previous month’s 3.2% expansion, was driven by a pick-up in the transportation, storage and communications; wholesale and retail; agricultural; and manufacturing subsectors.

Lastly, annual average growth in economic activity was stable at the previous month’s 2.8% in September.

Banguat expects growth of between 3.1%–4.1% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.2% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists predict growth to accelerate to 3.4%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity September 2018

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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