Guatemala Economic Activity June 2016

Guatemala

Guatemala: Growth in economic activity picks up in June

August 5, 2016

In June, economic activity increased 2.7% over the same month last year, according to the monthly indicator for economic activity (IMAE, Índice Mensual de la Actividad Económica). The result was slightly higher than May’s 2.6%. The reading was positively influenced by industrial manufacturing, commerce and financial services.

Annual average growth inched down from 3.5% in May to 3.4% in June, which represented the lowest reading since April 2013.

FocusEconomics Consensus Forecast participants see GDP growing 3.5% in 2016, which is unchanged from last month’s forecast. For 2017, panelists expect the economy to expand 3.6%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity June 2016 1

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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