Guatemala: Economic activity edges higher in November
January 12, 2018
Economic activity rose 0.17% on a monthly basis in November, according to Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica). November’s rise was a deceleration from October’s upwardly revised 0.34% increase (previously reported: +0.29% month-on-month).
On an annual basis, economic activity grew 3.0%, ticking up from October’s 2.9% reading. November’s reading was largely due to growth in retail and wholesale trade, as well as in the services and manufacturing sectors. Moreover, annual average growth in economic activity was stable from a month earlier at 3.1%.
Guatemala GDP Forecast
Banguat expects GDP growth to clock in at between 3.0% and 4.0% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to grow 3.3% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists expect GDP growth to tick down to 3.5%.
Author: Christopher Thomas, Economist