Business Confidence: Good Numbers Continue

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.

Tuesday, December 3, 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. As to December 2020 and 2021, the Panel foresees an inflationary rhythm of 3.98% and 4.27%, in that order, explains the report of the Banco de Guatemala.

The document states that "... The Panel estimates that the Real Gross Domestic Product will register a 3.1% growth in 2019 and 3.2% in 2020. Compared to the October survey, the Panel forecast did not register variation for 2019; while for 2020, it decreased 0.1 percentage points (3.3% in the previous survey).

In November 2019, the level of the Confidence Index of Economic Activity was at 58.16 points, higher by 9.90% regarding the registered in October 2019 (52.92 points) and higher by 28.47% regarding the registered in November 2018 (45.27 points).
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More on this topic

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.

Business Confidence Grows to 7%

October 2019

After registering a 6% year-on-year rise in August, in September the Confidence in Economic Activity Index in Guatemala showed a 7% variation.

According to the last report of the Banco de Guatemala, an inflationary rhythm of 4.08% is forecast for September, of 4.22% for October and of 4.29% for November 2019.

Business Confidence Remains Down in 2019

March 2019

After January 2019 the Confidence in Economic Activity Index in Guatemala reported a 3% y-o-y decrease, in February the variation was of -8% regarding the same month of 2018.

The report of the Bank of Guatemala summarizes that during February "... An inflationary rhythm of 3.96% was forecast for February, 4.09% for March and 4.19% for April 2019.

Business Confidence Closed the Year Upwards

January 2019

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%.

The Banco de Guatemala informed that in the last Economic Expectations Survey an inflationary rhythm of 4.01% is forecast for December 2018.

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