Consumption in El Salvador
El Salvador - ConsumptionThe economy likely expanded at a rapid pace in the second quarter, accelerating from Q1’s rebound, albeit partly due to a favorable base effect. In June, economic activity continued to grow solidly, with household consumption likely receiving a boost from stronger growth in remittances in the quarter. Moreover, growth in merchandise exports and imports skyrocketed in Q2, hinting at healthier demand dynamics. Momentum seems to have carried over into Q3, with remittances continuing to grow strongly in July, albeit at a softer pace, and merchandise imports posting another robust expansion in the same month. However, in August authorities banned mass gatherings through at least 10 October, which could be weighing on activity. Meanwhile, a recently proposed constitutional reform, which aims to extend the presidential term, has sparked outcry amid accusations of authoritarianism.
El Salvador - Consumption Data
|Consumption (annual variation in %)||2.8||1.5||2.1||2.4||-|
5 years of economic forecasts for more than 30 economic indicators.
El Salvador Consumption Chart
Source: Central Bank of El Salvador.
El Salvador Facts
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