Guatemala: Economic activity growth accelerates in July
Latest reading: Economic activity grew 4.3% in July, accelerating from June’s 3.7% expansion. The acceleration was driven by robust momentum in the construction, domestic trade, real estate and manufacturing sectors.
Meanwhile, annual average economic activity growth rose to 4.1% in July from June’s 3.9%, pointing to an improving trend.
On the external front, merchandise exports growth fell to 8.8% in July from 9.3% in June. Meanwhile, remittance inflows growth slowed from July’s 41-month high of 30.1%, clocking in at 17.2% in August before accelerating to 22.2% in September. When it comes to remittances, stricter U.S. migration policies and rising deportation fears remain key to monitor.