Guatemala Economic Activity July 2019

Guatemala

Guatemala: Economic activity moderates slightly in July

September 4, 2019

Economic activity slowed to 3.2% over the same month a year prior in July, down from the revised 3.3% grow logged in June (previously reported: +3.1% year-on-year). Growth in July was supported by sustained economic activity in manufacturing; wholesale and retail trade; and private services sectors. Annual average growth in economic activity ticked down to 3.3% in August from 3.4% in July.

Banguat expects growth of between 3.0%–3.8% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.0% in 2019, which is down 0.1 percentage points from last month’s forecast. For 2020, our panelists predict growth to accelerate to 3.1%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity July 2019

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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