Business Confidence Not Rebound

After in February 2019 the Confidence in Economic Activity Index in Guatemala reported a year-on-year decrease of 8%, in March the variation was of -6% regarding the same month of 2018.

Friday, April 5, 2019

The report of the Banco de Guatemala reports that during March "... an inflationary rhythm of 4.34% is forecast for March and 4.37% for April and May 2019. For December 2019 and 2020, the Panel expects an inflationary rhythm of 4.35% and 4.41%, in that order. In addition, for a horizon of 12 and 24 months (March 2020 and March 2021) the Panel forecasts an inflationary rhythm of 4.34% and of 4.35%, respectively.

3.1% in 2019 and 3.2% in 2020. Compared to the February survey, the Panel's forecast for 2019 increased 0.1 percentage points (3.0% in the previous survey); however, by 2020 there was no change (3.2% in the previous survey).

The Economic Activity Confidence Index of the Panel of Private Analysts has the purpose of measuring the perception of the current economic situation and business environment of the economic analysts interviewed, which is compared to the prevailing index in the recent past. Likewise, it seeks to obtain an appreciation on the economic evolution of the country in the near future.

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More on this topic

Guatemala: Business Confidence Collapses

May 2020

After the Economic Activity Confidence Index reported a 19% drop in March 2020, in April the situation worsened with a -43% year-on-year variation, a drop that agrees with the advance of the health crisis in the country.

In April 2020, the level of the Economic Activity Confidence Index stood at 32.64 points, 43.25% lower than that recorded in March 2020 (57.52 points) and fell by 26.83% compared to April 2019 (44.61 points), reported the Bank of Guatemala.

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.

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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