Business Confidence Keeps Rising

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

Tuesday, September 3, 2019

According to the last report of the Banco de Guatemala, an inflationary rhythm of 4.51% is forecast for September and of 4.50% for October 2019. As to December 2019 and 2020, the Panel foresees an inflationary rhythm of 4.64% and 4.50%, in that order.

The document explains 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 July survey, the Panel's forecast did not change for both years.

According to the Panel, the main factors that could influence the rhythm of the economic activity in 2019 are: the evolution of the international price of oil, the trajectory of fuel prices, the stability in the general level of prices, the performance of the fiscal policy, the strengthening of the internal market and the stability in the exchange rate.

In August 2019, the level of the Confidence Index of Economic Activity was at 46.70 points, higher by 9.88% regarding the registered in July 2019 (42.50 points) and higher by 5.73% regarding the registered in August 2018 (44.17 points).
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More on this topic

Business Confidence Still Rising

March 2020

In February 2020, the Index of Confidence in Economic Activity in Guatemala reported a 64% growth compared to the same month last year, reinforcing the upward trend that has been registered since July 2019.

Businessmen forecast an inflationary rhythm of 3.25% for February, 3.36% for March and 3.38% for April 2020. As to December 2020 and 2021, the Panel forecasts an inflationary rhythm of 4.16% and 4.20%, in that order.

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.

Slight Improvement in Confidence in the Economy

September 2018

The Confidence Index in Economic Activity in Guatemala registered a year-on-year fall of 33% in July of this year and in August a 20% drop was registered, compared to the same period last year.

The most recent Economic Expectations Survey prepared by Banco de Guatemala, forecasts an inflationary rhythm of 3.90% for August, 4.01% for September and 4.03% for October 2018. As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.07% and 4.22%, in that order. In addition, for a horizon of 12 and 24 months (August 2019 and August 2020) the Panel forecasts an inflationary rhythm of 4.07% and 4.33%, respectively.

Confidence in the Economy Continues to Decline

August 2018

In line with the trend seen since last year, in July 2018, the Confidence Index of Economic Activity in Guatemala fell by 33% with respect to the same month in 2017.

The latest Economic Expectations Survey prepared by Banco de Guatemala forecasts an inflationary rhythm of 4.19% for July, 4.22% for August and 4.36% for September 2018. As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.45% and 4.43%, in that order. In addition, for a horizon of 12 and 24 months (July 2019 and July 2020), the Panel forecasts an inflationary rhythm of 4.26% and 4.36%, respectively. 

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