Guatemala: Economic activity quickens in May
July 31, 2019
Economic activity accelerated to 3.3% year-on-year in May from a revised 2.3% increase in April (previously reported: +2.8% year-on-year). The uptick in May came on the back of the manufacturing; wholesale and retail trade; private services; and agricultural sectors. Annual average growth in economic activity was stable at 3.3% for the fifth month running in May.Banguat expects growth of between 3.0%–3.8% in 2019. Last month, FocusEconomics Consensus Forecast panelists saw growth of 3.1% in 2019, which was unchanged from last month’s forecast. For 2020, our panelists predicted growth to accelerate to 3.0%. New forecasts will be published on 14 May.
Author: Jan Lammersen, Economist