Industry in Guatemala

Guatemala Industry | Economic News & Forecasts

Guatemala - Industry

Economic activity is expected to have picked up pace in the second quarter, recovering from the first quarter’s multi-year low. The average reading of the Central Bank’s monthly economic activity index in April and May trended above the average reading recorded in the first quarter. Indeed, growth in economic activity reached the highest level in April since October of last year. Data for April and May pointed towards a robust manufacturing sector, while the financial sector and wholesale and retail trade also chipped in. Moreover, annual growth in remittances in the second quarter more than tripled the first quarter’s pace of expansion. In USD value terms, remittances reached the highest monthly level on record in May. In June, confidence in the economy increased after two consecutive drops on the back of a rosier view on the current economic situation and in the next six months.

Guatemala - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)3.5  4.6  3.7  3.0  1.9  

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Guatemala Facts

Exchange Rate7.490.22 %Aug 15

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