Guatemala: More Consumption and Less Investment
In the first quarter of the year consumption was up 4.7% and investment fell 11.6% relative to the same period of 2009.
Monday, August 30, 2010
The data form part of analysis conducted by the Guatemalan central bank, Banguat, on the economy's performance.
Spending is slowing in final household consumption, imports of consumer goods, bank lending for consumption and the monthly index of economic activity trade.
The favorable exchange rate and greater range of financing options are responsible for the rise in overseas purchases.
Banks loaned $248.1 million in the first quarter of 2010, 30.7% more than in the same period 2009, when they loaned $190 million.
In January, sales of goods and services increased 2.4% and 8.8% respectively when compared to the same period of 2009.
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