Guatemala Economic Activity February 2018

Guatemala

Guatemala: Economic activity ticks up in February

April 7, 2018

Economic activity rose 0.91% on a monthly basis in February, according to Banguat’s monthly index of economic activity (IMAE, Índice Mensual de la Actividad Económica), contrasting January’s 1.02% fall.

On an annual basis, economic activity grew 3.0%, a shade faster than January’s 2.9% reading. February’s reading was largely due to growth in the retail and wholesale trade sectors, as well as due to gains in the manufacturing and services sectors. Meanwhile, annual average growth in economic activity ticked down to 2.9% from 3.0% a month earlier.

Banguat expects growth of 3.0%–3.8% in 2018 and 3.1%–4.1% in 2019. FocusEconomics Consensus Forecast panelists expect growth of 3.3% in 2018, which is unchanged from last month’s forecast. For 2019, our panelists expect growth to clock in at 3.4%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity February 2018

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Guatemala Central Bank and FocusEconomics calculations.


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