Guatemala: Economic activity ticks up in February
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.