Business Confidence Closed the Year Upwards

In December 2018, the Confidence in Economic Activity Index in Guatemala reported a 14% increase regarding November, and in relation to the same month in 2017 it increased 8%.

Thursday, January 3, 2019

The Banco de Guatemala informed that in the last Economic Expectations Survey an inflationary rhythm of 4.01% is forecast for December 2018. It foresees 3.93% for January 3.96% for February and 4.24% for December. In addition, for a 24-month period (December 2020) the Panel forecasts a 4.38% inflationary rhythm.

The document explains that the main factors that could explain the inflation forecast for December 2018 are: the behavior of fuel prices, the trajectory of the international oil price, the behavior of the nominal exchange rate, the performance of the fiscal and monetary policies, the prices of raw materials and the seasonal variation of agricultural products.

Regarding the Real Gross Domestic Product, it is estimated that it will register a 2.9% growth in 2018 and 3.1% in 2019. Compared to the November survey, the Panel's forecast for 2018 was unchanged (2.9% in the previous survey) and increased by 0.1 percentage points by 2019 (3.0% in the previous survey).

In December 2018, the level of the Confidence Index of Economic Activity was at 36.11 points, higher by 13.80% regarding the registered in November 2018 (31.73 points) and higher by 8.31% regarding the registered in December 2017 (33.34 points).

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More on this topic

Business Confidence: Good Numbers Continue

December 2019

In November of this year, the Index of Confidence in Economic Activity in Guatemala reported a 28% growth with respect to the same month in 2018, reinforcing the upward trend that has been registered since July 2019.

Businessmen forecast an inflationary rhythm of 3.34% and 3.54% for November and December 2019, respectively, as well as 3.69% for January 2020.

Strong Rebound in Business Confidence

November 2019

In October of this year the Index of Confidence in Economic Activity in Guatemala reported an 18% growth with respect to the same month in 2018, reinforcing the upward trend that has been registered since July 2019.

Entrepreneurs forecast an inflation rate of 3.50% for October, 3.81% for November and 3.94% for December 2019.

Low Business Confidence at the Beginning of the Year

February 2019

After December 2018, the Confidence in Economic Activity Index in Guatemala reported an 8% year-on-year increase, in January the variation was -3% regarding the same month in 2017.

The Bank of Guatemala Report summarizes that "... An inflationary rhythm of 3.34% is forecast for January, 3.47% for February and 3.56% for March 2019.

Business Confidence Keeps Improving

November 2018

In November, the Confidence Index of Economic Activity in Guatemala reported an 8% increase regarding the previous month, and regarding the same month in 2017 increased 5%.

Banco de Guatemala informed that, in the last Economic Expectations Survey, an inflationary rhythm of 4.31% and 4.38% is forecast for November and December 2018, respectively, as well as 4.23% for January 2019.

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