Guatemala: Economic activity shifts into higher gear in July
Data from Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica) showed that economic activity swung to a 1.1% expansion in July over the previous month, contrasting June’s revised 0.1% contraction (previously reported: 0.0% month-on-month).
On a year-on-year basis, growth in economic activity in July picked up steam to 3.4% from 3.0% in the previous month. Growth in July was driven by the transportation; storage and communications; wholesale and retail trade; private services; and manufacturing sectors. Annual average growth in economic activity, meanwhile, was stable at 2.7% in July.