Guatemala: Economic activity growth gains momentum in April
Economic activity grew 3.8% in year-on-year terms in April, which was above March’s 2.5% increase. Looking at the details of the release, robust output in manufacturing and in the financial and wholesale and retail trade sectors underpinned the upturn. Strong momentum in the communication sector added further impetus. Additionally, remittances inflows surged 19.1% annually in the same month (March: +1.2% yoy), the sharpest upturn since July 2023, boding well for household budgets.
Meanwhile, annual average growth in economic activity was stable at March’s 3.4% in April.