Honduras: Economic Activity Increases to 3%

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

Monday, November 11, 2019

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.

The official document states that "... The activities that most boosted the performance of the indicator were: Financial Intermediation, Insurance and Pension Funds; Manufacturing Industry; Post and Telecommunications; Commerce; and to a lesser extent, Private Construction and Electricity and Water. Notwithstanding, there was a fall in Agriculture, Livestock, Forestry and Fishing.

Financial Intermediation, Insurance and Pension Funds increased 7.6% (6.5% in 2018), due to the increase in the income of financial institutions, by the increase in the amount of loans granted (especially those aimed at industry, real estate and consumption), derived from a greater capture of interest, as well as more commissions received by the use of credit and debit cards. In the meantime, the insurance and pensions item showed growth again, as a consequence of the increase in contributions to pension funds.

Trade varied 2.8% (3.8% in the same period of 2018), reflecting higher sales of food products, beverages and machinery for agriculture, industry and construction. Also, the activity of Hotels and Restaurants showed a 5.6% increase (4.7% to September 2018) for sales of food and beverages, coupled with the result in accommodation services, basically in tourist cities of the country.

See full report (in Spanish).

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More on this topic

Trade and Agriculture Boost Economic Activity

November 2019

In September, the IMAE in Guatemala registered a 4.2% inter-annual variation, influenced by wholesale and retail trade activities, and Agriculture, livestock, hunting, forestry and fishing.

The economic activity measured by the estimation of the IMAE, in September 2019, showed a 4.2% growth rate, variation that is greater in comparison to the 3.6% registered in the ninth month of 2018, explains the report of the Banco de Guatemala.

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.

Guatemala: Economic Activity Up 2% up to April 2018

June 2018

Manufacturing and transportation were the sectors that accounted for most of the variation in the economic activity index during the fourth month of the year.

From a report by the Bank of Guatemala:

The economic activity measured by the IMAE estimate, in April 2018, showed a growth rate of 2.3% (1.7% in April 2017).  

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