Industry in Guatemala

Guatemala Industry | Economic News & Forecasts

Guatemala - Industry

Economic growth hit an over one-year high in the third quarter, propelled by stronger domestic demand. Fixed investment outlays jumped and household consumption remained robust amid stronger remittances growth and easing inflationary pressures, although public consumption growth slowed. Meanwhile, the external sector was a bigger drag on the economy compared to the prior quarter on a surge in imports. Turning to the fourth quarter of last year, economic growth likely lost a step: The monthly economic activity index averaged lower in October–November, despite robust manufacturing activity, and remittances inflows grew at a softer pace through December. On the other hand, inflation moderated, which should have supported private consumption.

Guatemala - Industry Data

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)4.6  3.7  3.1  1.8  2.8  

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Guatemala Facts

Value Change Date
Exchange Rate7.710.22 %Jan 01

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