Guatemala: Economic activity accelerates in January
March 10, 2011
In January, economic activity grew 2.7% over the same month last year, according to the monthly indicator for economic activity (IMAE, indice Mensual de la Actividad Economica). The expansion was somewhat faster than the 2.3% increase observed in December. A month-on-month comparison corroborates the expansion suggested by the annual data, as economic activity rose a seasonally adjusted 0.24% over the previous month, which was virtually unchanged compared to the 0.23% increase registered in December. Despite the slight acceleration in January, the trend remained flat, with the annual average variation in economic activity remaining at the 3.3% recorded in December. The Central Bank estimates economic growth will range between 2.6% and 3.2% this year.
Author: Ricardo Aceves, Senior Economist