Financial Sector Dynamizes Economic Activity

Mainly explained by the economic activity reported in the financial sector, during October, the IMAE registered a 3.7% variation with respect to the same month of 2017.

Tuesday, December 11, 2018

The Central Bank of Honduras reported that according to the IMAE forecast, national production in terms of volume in October 2018 showed a 3.7% increase (5.4% in 2017). As a result, the cycle trend series registered a 3.9% year-on-year variation (5.0% in the same month of the previous year). Because of its contribution, the economic activities with the greatest contribution were: Financial Intermediation, Insurance and Pension Funds, Manufacturing Industry, Commerce, Mail and Telecommunications, and Agriculture, Livestock, Silviculture and Fishing.

Financial Intermediation, Insurance and Pension Funds increased 6.4% (7.5% in 2017), because of the positive evolution in Financial Intermediation services of 6.5% because of the income received from interest on the loan portfolio (pledges, trusts and mortgages) and investments made basically by banking institutions. In addition to this, the Insurance and Pension Funds activity performed 2.8%, mainly because of the growth in the contributions of the members and the income from the profitability of the investments of the pension institutions.

The Manufacturing Industry increased 3.8% (5.1% in 2017), because of the favorable trend of the Food, Beverages and Tobacco production; Textiles and Clothing Products and the Machinery and Equipment Manufacture; partially offsetting the negative results of the production of Non Metallic Minerals and Paper and Printing products.

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More on this topic

Honduras: Economic Activity Increases to 3%

November 2019

During September, the IMAE registered a 2.7% year-on-year increase, mainly because of the performance of Construction and Commercial Activity.

At the end of the third quarter of the current year, the original IMAE series reached 2.7% cumulative variation (3.5% in the same period in 2018). Meanwhile, the trend cycle series showed a 2.2% year-on-year variation (3.8% in September 2018), reported the Central Bank of Honduras.

Honduras: Economic Activity Increases 4%

November 2018

Because of the economic activity reported in the financial sector and the manufacturing industry, during September the IMAE registered a variation of 4% with respect to the same month in 2017.

The original IMAE series, accumulated up to September 2018, shows that the national production of goods and services (in volume terms) increased 3.7% (5.4% in 2017), outcome observed in the last three months.

Honduras: Economic Activity Increases 3.7%

October 2018

Partially explained by the economic activity reported in the financial sector, during August of this year the IMAE registered a variation of 3.7% compared to the same month in 2017.

Up to the eighth month of the current year, according to the behavior of the original series of the IMAE, short term indicator of the productive activity of the country, increased by 3.7% (5.2% in 2017).

Honduras: Economic Activity Up 4% up to April 2018

June 2018

The IMAE registered an interannual increase of 3.8%, mainly explained by the activities of Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry.

From a statement issued by Banco Central de Honduras:

During the first four-month period of 2018, the national production of goods and services, quantified with the original IMAE series, increased by 3.4% (5.1% in 2017); meanwhile, the trend cycle series registered an interannual variation of 3.8% (5.3% in April 2017). 

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