A Central Bank report reveals that in December 2009 the country regained levels of pre-crisis production, but since then it has struggled to grow.
Hotels and construction, two sectors affected by the crisis, still have not recovered: the growth of the hotel industry rose from 18% in April 2009 to 5% in April 2010, but has since slowed to 1.6%. Meanwhile, the construction sector, continues to show negative growth.
The manufacturing sector has accumulated three months of negative interannual variations, which is consistent with the lack of optimism expressed by some businessmen.
From a report on 'Pulso Bursátil', the blog by Aldesa:
After adjustment in the data on economic from the Central Bank, what has emerged is the state of economic downturn being suffered by the country's industrial sector, which has accumulated three months of negative interannual variations, and which in some ways is more consistent with consumer and business confidence levels, which show little optimism.
In October, economic activity grew 1.36% when compared to the same period of 2008.
It is the first growth signal recorded in the past 11 months, according to Central Bank data.
"The bank also reviewed September figures, which were corrected from -0.1% to +0.37%", explained Nacion.com. "However, Elvia Campos, who is in charge of constructing the index, explained that the increase in production is not generalized".
Monthly report from the Foundation for Development on the main indicators of the Guatemalan economy.
According to the Consumer Price Index-CPI- at the level of the republic, developed by the National Statistics Institute INE, inflation showed a slight increase after two consecutive months of decline, since in November the CPI registered a value of 105.97, while in the previous month it was 105.74.
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