Trade and Agriculture Boost Economic Activity

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.

Friday, November 8, 2019

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.

The report details that "... The described behavior was influenced by the growth shown by the following economic activities: Wholesale and retail trade; private services; agriculture, livestock, hunting, forestry and fishing; manufacturing industries; and financial intermediation, insurance and auxiliary activities.

On the other hand, the cycle-trend series registered a 3.5% year-on-year growth rate, less dynamic than the observed in the same month of the previous year (3.8%).
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More on this topic

Guatemala: Economic Activity Accelerates

July 2019

After economic activity in April reported a 2.8% year-on-year growth, in May the variation was 3.3%, mainly because of the behavior of commercial activity.

The document prepared by the Banco de Guatemala explains that "... The economic activity measured by the estimation of the IMAE in May 2019, showed a 3.3% growth rate (3.8% in May 2018).

Private Services Dynamize Economic Activity

December 2018

During October, economic activity in Guatemala reported a 3.3% increase over the same month in 2017, mainly because of the performance of private services and wholesale and retail trade.

The Banco de Guatemala (Banguat) reported that the economic activity according to the IMAE estimation, in October 2018, showed a 3.3% growth rate (3.7% in October 2017).

Guatemala: 3% Increase in Economic Activity

November 2018

In September, economic activity reported a 3% increase over the same month in 2017, mainly because of the performance of the transport and commerce sector.

The Banco de Guatemala reported that the economic activity measured by the estimation of the IMAE in September 2018, presented a growth rate of 3.0% (2.3% in September 2017).

Guatemala: Economic Activity Up 2.3% up to November 2017

January 2018

Trade, private services and the manufacturing industry were the sectors that accounted for most of the positive variation in the economic activity index.

From a report by the Bank of Guatemala:

The economic activity measured by the IMAE estimate, in November of 2017, showed growth of 2.3% (3.2% in November 2016). [GRAFICA caption = "Click to interact with graph"]

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