Guatemala: Economic activity stable in January
March 7, 2018
Economic activity fell 0.74% on a monthly basis in January, according to Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica), contrasting December’s 0.74% rise.
On an annual basis, economic activity grew 3.0%, which was in-line with December’s reading. January’s reading was largely due to growth in the transport sector, as well as in retail and wholesale trade. Meanwhile, annual average growth in economic activity ticked down to 3.0% from 3.1% a month earlier.
Guatemala GDP Forecast
Banguat expects GDP growth to clock in at between 3.0% and 4.0% in 2018. FocusEconomics Consensus Forecast panelists expect GDP to grow 3.3% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists expect GDP growth to tick down to 3.5%.
Author: Christopher Thomas, Economist
