Honduras: Economic Activity Increases 4%

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.

Monday, November 12, 2018

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. On the other hand, the trend series cycle 2/ registered a 4.0% year-on-year variation in September 2018 (5.5% in the same month of 2017), reported the Central Bank of Honduras.

According to their contribution to the indicator's growth, the economic activities with the greatest positive impact were: Financial Intermediation, Insurance and Pension Funds; Manufacturing Industry; Commerce; and Mail and Telecommunications. The following items contributed to a lesser extent: Agriculture, Livestock, Silviculture and Fishing; Electricity and Water; Construction; Transport and Storage; and Hotels and Restaurants.

Financial Intermediation, Insurance and Pension Funds showed a 6.5% increase (7.6% in 2017), due to the 6.6% increase in Financial Intermediation services (7.6% in 2017), which was mainly derived from the result of the combination of a more dynamic growth of the credit portfolio than that of the deposits registered in the financial system. In addition, it favored the 4.0% increase in the activity of Insurance and Pension Funds (8.7% in 2017), due to the income from the contributions of members and rental from investments of the forecasting institutes.

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More on this topic

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 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 May 2018

July 2018

The IMAE registered an interannual increase of 3.7%, explained for the second consecutive month by the activities of Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry.

From a report issued by the Central Bank of Honduras:

Honduras: Economic Situation Report - January 2015

March 2015

The economy registered a growth of 3.9%, mainly due to the performance of the sectors of Insurance and Pension Funds, Agriculture and Manufacturing.

From a report by the Central Bank of Honduras:

In January 2015, the national economy, monitored through the Monthly Index of Economic Activity (IMAE) in the original series, recorded annual change of 3.9% (1.8% in the same month in 2014).

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