Guatemala: Economic activity remains solid in June
September 4, 2018
Data from Banguat’s monthly index of economic activity (IMAE, Indice Mensual de la Actividad Económica) showed that economic activity growth was flat in June from the previous month, contrasting May’s upwardly revised 0.7% expansion (previously reported: +0.4% mom).
On a year-on-year basis, growth in economic activity in June was stable at May’s revised 3.2% expansion (previously reported: +2.6% year-on-year). Growth in June came on the back of expansions in the transportation, storage and communications; wholesale and retail trade; manufacturing; agriculture; and private services sectors. Meanwhile, annual average growth in economic activity was stable at 2.7% in June.
Guatemala GDP Forecast
Banguat expects growth of between 2.8%–3.2% in 2018 and 3.1%–4.1% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.2% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists predict growth to accelerate to 3.3%.
Author: Jan Lammersen, Economist