Guatemala Economic Activity May 2017

Guatemala

Guatemala: Growth in economic activity steady in May

July 6, 2017

In May, economic activity increased 3.3% from the same month of last year, according to the monthly indicator for economic activity (IMAE, Índice Mensual de la Actividad Económica). The result marked an over one-year high and followed April’s revised 3.3% increase (previously reported: +3.6% year-on-year).

In May, annual average growth was steady at April’s 3.0%, which had marked the highest result since August 2016.

FocusEconomics Consensus panelists forecast that the economy will grow 3.5% in 2017, which is down 0.1 percentage points from last month’s estimate. In 2018, the panel also sees GDP growth at 3.5%.


Author:, Economist

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Guatemala Economic Activity Chart


Guatemala Economic Activity May 2017

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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