Entrepreneurs forecast an inflation rate of 3.50% for October, 3.81% for November and 3.94% for December 2019. For December 2020 and 2021, the Panel foresees an inflationary rhythm of 4.32% and 4.28%, in that order, reported the Banco de Guatemala.

The report explains that "... it is estimated that the Real Gross Domestic Product will register a 3.1% growth in 2019 and 3.3% in 2020. Compared to the September survey, the Panel forecast for 2019 increased 0.1 percentage points (3.0% in the previous survey) and for 2020 increased 0.2 percentage points (3.1% in the previous survey).

In October 2019, the level of the Confidence Index of Economic Activity stood at 52.92 points, higher by 12.40% compared to September 2019 (47.08 points) and higher by 18.07% compared to October 2018 (44.82 points).

The Confidence Index of the Economic Activity of the Panel of Private Analysts has the purpose of measuring the perception that on the current economic situation and the environment for business have the economic analysts interviewed, which compares with the prevailing index in the recent past."

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More on this topic

Business Confidence Still Rising

March 2020

In February 2020, the Index of Confidence in Economic Activity in Guatemala reported a 64% growth compared to the same month last year, reinforcing the upward trend that has been registered since July 2019.

Businessmen forecast an inflationary rhythm of 3.25% for February, 3.36% for March and 3.38% for April 2020. As to December 2020 and 2021, the Panel forecasts an inflationary rhythm of 4.16% and 4.20%, in that order.

Business Confidence: Good Numbers Continue

December 2019

In November of this year, the Index of Confidence in Economic Activity in Guatemala reported a 28% growth with respect to the same month in 2018, reinforcing the upward trend that has been registered since July 2019.

Businessmen forecast an inflationary rhythm of 3.34% and 3.54% for November and December 2019, respectively, as well as 3.69% for January 2020.

Business Confidence Grows to 7%

October 2019

After registering a 6% year-on-year rise in August, in September the Confidence in Economic Activity Index in Guatemala showed a 7% variation.

According to the last report of the Banco de Guatemala, an inflationary rhythm of 4.08% is forecast for September, of 4.22% for October and of 4.29% for November 2019.

Slight Improvement in Confidence in the Economy

September 2018

The Confidence Index in Economic Activity in Guatemala registered a year-on-year fall of 33% in July of this year and in August a 20% drop was registered, compared to the same period last year.

The most recent Economic Expectations Survey prepared by Banco de Guatemala, forecasts an inflationary rhythm of 3.90% for August, 4.01% for September and 4.03% for October 2018. As for December 2018 and 2019, the Panel foresees an inflationary rhythm of 4.07% and 4.22%, in that order. In addition, for a horizon of 12 and 24 months (August 2019 and August 2020) the Panel forecasts an inflationary rhythm of 4.07% and 4.33%, respectively.