CABI - Central American Business Intelligence Industry Paulo De León industrial sector Economics economic activity Index of Economic Activity Manufacturing Chamber of Industry of Guatemala Foreign Direct Investment Index Measurement of Economic Activity Industry slowdown extractive industry foreign investment mining

Industrial Activity in the Red

In the first semester of 2018, industrial activity in Guatemala decreased by 5% compared to the same period in 2017, explained by a decrease in mining activities, affected by the shutdown of operations at Minera San Rafael.

Thursday, August 23, 2018

The index of industrial activity prepared by Central America Business Information (Cabi), shows that the mining sector registered a decrease of 41% compared to the first half of last year, reflecting the effect generated by the suspension of Minera San Rafael. See "Mining Company Still Not Operating"

Prensalibre.com reports that "...Both Paulo de León, director of CABI, and the president of the union of industrialists, Juan Carlos Tefel, agreed that the fall in this sector is due to a lack of legal certainty resulting from judicial decisions and the Constitutional Court (CC)."

"... The other sector that fell according to the index is that of food and beverages, down -18.4%, mainly impacted by contraband. This sector has indicated that it loses Q29 billion because of contraband. The drop in other sectors are -9.2% in stationery and supplies; -6.2%, in footwear; and alcoholic beverages and restaurants with -5% each."