Economic Activity Grows Less

After recording in the first month of 2019 a 3.2% year-on-year increase in economic activity, in February of this year the IMAE closed with a 1.9% increase.

Monday, April 8, 2019

From the Bank of Guatemala report:

The economic activity measured by the estimation of the IMAE, in February 2019, showed a 1.9% growth rate (2.7% in February 2018).

Such behaviour was influenced by the positive result experienced, mainly, by the following economic activities: Private services; Transportation, storage and communications; Wholesale and retail commerce; and Manufacturing industries.

The tendency-cycle series registered a 3.2% year-on-year growth rate, higher to the observed in the same month the previous year (2.7%).

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More on this topic

Services and Industry Boost Economic Activity

August 2019

In Guatemala, the Economic Activity Index registered year-on-year growth of 3.1% in June, explained in part by the variations of Private Services and Manufacturing Industries.

According to the report of the Banco de Guatemala the economic activity measured by the estimation of the IMAE, reported a deceleration in June 2019, since it registered a 3.1% growth rate, increase that is lower to the variation of 3.5% reported in May of this year.

Trade and Services Boost Guatemalan Economy

June 2019

In Guatemala, the economic activity reported a 2.8% year-on-year growth rate in the fourth month of the year, mainly because of the behavior of the Wholesale and Retail Commerce and Private Services sector.

After the 2.7% increase in economic activity reported by the Banco de Guatemala in March, in the third month of the year, represented an acceleration since in February 2019 the variation was only 1.9%, the 2.8% in April is a continuation of the positive path of the economy.

Transport and Manufacturing Boost the Economy

May 2019

In Guatemala the economic activity reported the third month of the year a 2.7% year-on-year growth rate, mainly because of the behavior of the Transportation and Manufacturing Industries sector.

The 2.7% increase in economic activity reported by the Banco de Guatemala in the third month of the year, represents an acceleration since in February 2019 the variation was only 1.9%.

Costa Rica: Less Growth in Economic Activity

October 2017

The lower growth registered in the IMAE in August was mainly due to the performance of construction activity, which fell by 13% year-on-year.

From a report by the Central Bank of Costa Rica:

The cycle trend series of the Monthly Index of Economic Activity (IMAE) presented a year-on-year variation of 3.2% in August 2017, lower by 0.5 percentage points (pp) than the amount in the same period of the previous year; for its part average growth to August 2017 was 3.9%. [GRAFICA caption = "Click to interact with graphics"]

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