Guatemala: Economic activity slows in December
February 10, 2012
In December, economic activity rose 4.4% over the same month the year before, according to the monthly indicator for economic activity (IMAE, indice Mensual de la Actividad Economica). The reading came in below the revised 5.2% expansion observed in November (previously reported: +3.7% year-on-year). On a monthly basis, economic activity grew a seasonally adjusted 0.32% in December, which was virtually unchanged from the 0.31% expansion observed in November. Despite the deceleration observed in December, the trend improved, with annual average growth in economic activity stepping up from 3.9% in November to 4.1%. The Central Bank expects the economy to grow between 2.9% and 3.3% this year. In 2013, monetary authorities expect that the economy will expand between 3.5% and 3.9%.