Economic Outlook Improves at the Beginning of 2020

During January in Honduras, the Economic Activity Confidence Index registered a slight increase of 9% compared to what was reported at the end of 2019.

Tuesday, February 11, 2020

Informants said that the main factors that could influence the behavior of inflation during 2020 are: the increase in fuel prices and its impact on electricity rates, as well as price increases in some food and certain raw materials, explains a report by the Central Bank of Honduras.

The report states that "... Regarding the Gross Domestic Product (GDP), informants forecast -on average- a quarterly variation of 0.8% for the first quarter of 2020 (0.6% in the previous month's survey); same percentage as the one estimated for the second quarter of this year.

The informants mentioned that the dynamism of the economy of the United States of America still generates confidence in Honduras due to the existing commercial link with that country; and they expect that in 2020 the business climate and the prices of the main export products will improve. However, they predict that the slowdown in the world economy, international geopolitical conflicts and unfavorable weather conditions could negatively impact national economic performance.

See full report (in Spanish).

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More on this topic

Economic Expectations Improve to February 2020

March 2020

During February in Honduras, the Economic Activity Confidence Index registered a 15% increase compared to that reported in January 2020.

The informants said that the main macroeconomic variables are within the current Monetary Program, highlighting the strength of the U.S. economy and its effect on Honduras, mainly in attracting family remittances, explains the Central Bank report.

Economic Expectations Fall 33% in 2019

January 2020

During December 2019 in Honduras, the Economic Activity Confidence Index registered a 33% decrease with respect to what was reported at the end of 2018.

Analysts said they expect that the slower evolution of the world economy and adverse weather conditions could continue to affect the growth of the Honduran economy, reported the Central Bank of Honduras.

Dominican Republic: Business Outlook up to June

September 2019

During the second quarter of 2019, of the total number of companies surveyed in the manufacturing sector, 31% stated that their level of production increased, while 43% indicated that they did not undergo changes.

According to the "Quarterly Survey of Business Opinion to the Manufacturing Sector", carried out by the Central Bank of the Dominican Republic, 26% of companies assured that their production level was lower than the previous quarter.

Honduras: Economic Expectations Not Improving

August 2019

In July, the Confidence Index of Economic Activity registered a 17% drop with respect to May, where again 49% is explained by the result of the current confidence index and 51% by future activity.

The consulted ones indicated that the potential negative impact of the unfavorable external conditions and the fall of prices of some products of exportation in the evolution of the national economy, as well as aspects related to the climate of businesses and its incidence in the new investments, informed the Central Bank of Honduras (BCH).

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