Guatemala: Economic activity growth gains momentum in August
October 7, 2022
Economic activity grew 3.9% year on year in August (July: +2.9% yoy). The acceleration was driven by robust activity in the trade and repair of vehicles, manufacturing, real estate, construction, and financial services sectors.
Despite the acceleration in August, data points to moderating economic growth in the third quarter as annual average growth in economic activity eased to 4.4% in August from 4.7% in July. August’s print marked the weakest expansion since April 2012.