Guatemala Economic Activity October 2018


Guatemala: Growth in economic activity speeds up in October

January 7, 2019

Economic activity accelerated in October to 3.3% year-on-year from 3.0% in September according to Banguat’s monthly index of economic activity. The result came on the tails of the wholesale and retail trade; transportation; storage and communications; manufacturing; and agricultural sectors.

Annual average growth in economic activity inched down from 2.9% in September to 2.8% in October.

Guatemala GDP Forecast

Banguat expects growth of between 3.1%–4.1% in 2019. FocusEconomics Consensus Forecast panelists see growth of 3.2% in 2019, which is unchanged from last month’s forecast. For 2020, our panelists predict growth to accelerate to 3.4%.

Author:, Economist

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Guatemala Economic Activity Chart

Guatemala Economic Activity October 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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