Guatemala: Slight Rebound in Economic Activity

Despite growing by 3.39% year on year in April, ending the downward trend seen in the growth rate, the commercial sector reported a weakening of sales.

Thursday, June 23, 2016

A report by the Bank of Guatemala notes that   "...up to April 2016 economic activity, measured by estimating the IMAE, increased by 3.4% (3.0% in April 2015). This result was driven by the positive performance seen mainly in the following economic activities: Manufacturing Industries; Wholesale and Retail sales; Financial, intermediation, insurance  and auxiliary activities; private services; Transport, storage and communications; and supply of electricity and water collection. "

Due to the fact that in April the pace of growth stopped accelerating, entrepreneurs in the commercial sector reported a decline in sales over the previous year "...The director of the Association of Bi - National Chambers of Guatemala, Ricardo Mosquera, told Elperiodico.com.gt that "...   there has been a significant drop, at least in the category of food and beverages. According to him, among the different members of the Association who are dedicated to this segment there has been a fall of between 15 and 20 percent in sales compared to last year. "

Elperiodico.com.gt adds that   "...The figure of 20 percent matches with that of another employer consulted about the trade sector, who preferred to remain anonymous. In his opinion, there has been a drop in consumption resulting from the economic situation in the country and the population. " 

See " Monthly Economic Activity Report " by Banco de Guatemala.



More on this topic

Guatemala: Economic Situation in February 2016

April 2016

Up to the second month of the year, economic activity has grown by 2.6%, driven by sectors such as financial intermediation, trade, private services, manufacturing and agriculture.

From a statement issued by the Bank of Guatemala:

Economic activity measured by estimating the IMAE, up to February 2016 showed a growth of 2.6% (5.4% in February 2015).

Guatemala: Economic Situation in December 2015

February 2016

Financial intermediation, trade, agriculture, livestock and fishing, private services, manufacturing and transport, storage and communications boosted growth in economic activity.  

From a statement issued by the Bank of Guatemala:

Economic activity measured by estimating IMAE up to December 2015 showed a growth of 4.2% (4.9% in December 2014).

Guatemala: Economic Situation in September 2015

November 2015

In September, the economy registered a growth of 3.7%, mainly due to the commercial, agricultural and manufacturing sectors.

Monthly Economic Activity Report (IMAE) to September 2015:

Economic activity measured by estimating the IMAE, as of September 2015, showed a growth of 3.7% (4.1% in September 2014).

Nicaragua: Economic Situation Report Fourth Quarter

December 2014

The report highlights that the economic slowdown that had been observed in the year seems to have stopped in September and that the pace of overall economic activity exceeds that of other countries in the region.  

From a statement issued by the Nicaraguan Foundation for Economic and Social Development (FUNIDES):

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