In March 2021, the Monthly Index of Economic Activity reported a 6.9% increase over the level recorded in the same month of 2020.
Friday, May 7, 2021
The Guatemalan economy continues to show positive signs, as after facing a crisis during 2020 due to the covid-19 outbreak, economic activity has recovered rapidly in the last months of last year and in the first quarter of 2021.
The analysis made by the Bank of Guatemala "... the economic activity measured by the IMAE estimate in March 2021, registered a variation rate of 6.9% (-3.7% in March 2020).
Such result was mainly influenced by the growth in the activities of: Trade and repair of vehicles; Manufacturing industries; Education; Agriculture, livestock, forestry and fishing; and, Construction.
The trend-cycle registered a year-on-year variation rate of 5.8%, more dynamic than the one registered in the same month of the previous year of (-3.6%)."
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As in January and February, the trade sector explained most of the variation in the economic activity index in March, which registered a rise of 3.2% compared to the same month in 2016.
From a report by the Bank of Guatemala:
Economic activity measured by the IMAE estimate, up to March 2017, showed growth of 3.2% (2.0% in March 2016).[GRAFICA caption="Clic para interactuar con la gráfica"]
The value of production fell in March and April, the first decline in the index's level from May and June 2012.
From a report on the Blog Pulso Bursáti by Aldesa:
The Monthly Index of Economic Activity (MIEA) shows that the value of production fell in March and April, which is the first decline in the index's level from May and June 2012.
The IMAE of March indicates an increase of 6.83% compared to the same month last year, which for now suggests a good momentum of economic activities.
According to a review of the monthly index of economic activity (IMAE) by the Central Bank, the country experienced growth in March of 6.83% compared to March 2011.
The latest official data point to a mild slowdown in Costa Rica's economic growth.
The Monthly Index of Economic Activity in March (the last month for which information is available) was 6.5 percent, down from 6.8% in the same month last year.
The central bank's preliminary figures for the first quarter provide mixed signals on the near-term development of the economy.