Honduran Economic Activity Up 2.6%

During November 2019, the IMAE registered a 2.6% year-on-year increase, largely because of the performance of Financial Intermediation and the Manufacturing Industry.

Friday, January 17, 2020

From the Central Bank of Honduras report:

As of November 2019, the volumes produced of goods and services in the country registered a 2.6% increase, with respect to the same period in 2018 (3.7%), according to the original IMAE series; while the cycle trend series denotes a recovery for the second consecutive month, by growing 2.5% year-on-year (3.7% in 2018).

In order of contribution, the following economic activities stand out: Financial Intermediation, Insurance and Pension Funds; Manufacturing Industry; Telecoms; Commerce; Private Construction and Electricity. Notwithstanding, the activities grouped in Agriculture, Livestock, Forestry and Fishing decreased regarding 2018 because of the effect of what happened in the agricultural and fishing headings.

Financial Intermediation, Insurance and Pension Funds grew 7.9% (6.6% to November 2018), as a result of the positive behavior in the Financial Intermediation (8.1%), explained by the increase of income received by the institutions of the financial system as interest on the loan portfolio and by commissions, especially because of the use of credit cards. Meanwhile, the insurance and pension heading continued to show growth, although it has decelerated, effect of lower income derived from the investments of pension funds and insurance premiums.

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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.

Financial Sector Boosts Economic Activity

October 2019

During August, the IMAE in Honduras registered a 2.4% year-on-year increase, largely because of the performance of financial intermediation, insurance and pension funds.

The economic activities with positive behavior were: Financial Intermediation, Insurance and Pension Funds, Mail and Telecom, Manufacturing Industry and Commerce, to a lesser extent contributed Private Construction and Electricity and Water, reported the Central Bank of Honduras (BCH).

Financial Sector Dynamizes Economic Activity

December 2018

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.

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).

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.

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