Honduras: Industry Boosts Economic Activity

During October, the IMAE registered a 2.7% year-on-year increase, largely because of the performance of the manufacturing industry and the commercial sector.

Friday, December 13, 2019

The original series of the Monthly Economic Activity Index (IMAE) reflects that, up to October 2019, the national production of goods and services, in terms of volume, grew 2.7% (3.7% in the same period of 2018), reported the Central Bank of Honduras (BCH).

The report adds that "... For its contribution to the global result, the activities of Financial Intermediation, Insurance and Pension Funds; Manufacturing Industry; Mail and Telecom; Commerce; and to a lesser extent, Private Construction and Electricity and Water stand out. In contrast, Agriculture, Livestock, Forestry and Fishing fell.

The Manufacturing Industry increased 2.2% (3.9% to October 2018), highlighting the Manufacture of Textiles and Clothing (6.5%), basically for export. The dynamism in the sales of these goods to the United States of America (USA) is partly because of the decrease in US imports of textile products from China, as a result of the rise in tariffs in the framework of the trade war between both countries.

On the other hand, the positive performance of Commerce (2.6%), is explained by the increase in the volume sold of food products, beverages, machinery for agriculture and oil derivatives.
"

See full report (in Spanish).

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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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