Guatemala: Economic activity growth slows in August
Latest reading: Economic activity grew 3.5% in August, decelerating from July’s 4.2% expansion.
Meanwhile, annual average economic activity growth remained stable at July’s 4.1%.
On the external front, merchandise exports fell 4.2% in August following the prior month’s 8.2% expansion. Meanwhile, remittance inflows growth picked up, rising 22.2% in September following August’s 17.2% reading. When it comes to remittances, stricter U.S. migration policies and rising deportation fears remain key to monitor.