Guatemala Economic Activity June 2018

Guatemala

Guatemala: Economic activity growth stable in June

August 10, 2018

Data from Banguat’s monthly index of economic activity (IMAE, Indice Mensual de la Actividad Económica) showed that economic activity growth was flat month-on-month in June, contrasting May’s revised 0.7% expansion (previously reported: +0.4% month-on-month).

Growth in economic activity was stable at May’s 3.2% in June on a year-on-year unadjusted basis. (As of this month, FocusEconomics will track the original cycle, instead of the trend cycle index.) Growth in June came on the back of expansions in the transportation, storage and communications; wholesale and retail trade; and manufacturing industries. Meanwhile, annual average growth in economic activity was stable at May’s 2.7%.

Banguat expects growth of between 3.0%–3.8% in 2018 and 3.1%–4.1% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.1% in 2018, which is down 0.1 percentage points from last month’s forecast. For 2019, our panelists expect growth to clock in at 3.3%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity June 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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