Transport and Manufacturing Boost the Economy

In Guatemala the economic activity reported the third month of the year a 2.7% year-on-year growth rate, mainly because of the behavior of the Transportation and Manufacturing Industries sector.

Friday, May 10, 2019

The 2.7% increase in economic activity reported by the Banco de Guatemala in the third month of the year, represents an acceleration since in February 2019 the variation was only 1.9%.

The report of the Central Bank states that "... The economic activity measured by the IMAE estimate in March 2019, showed a growth rate of 2.7% (1.8% in March 2018).

The described behavior was influenced by the growth shown by the following economic activities: Transportation, storage and communications; Manufacturing industries; Wholesale and retail trade; and Private services.

On the other hand, the cycle-trend series registered a 3.1% year-on-year growth rate, more dynamic than the observed in the same month of the previous year (2.8%).


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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.

Trade and Services Boost Guatemalan Economy

June 2019

In Guatemala, the economic activity reported a 2.8% year-on-year growth rate in the fourth month of the year, mainly because of the behavior of the Wholesale and Retail Commerce and Private Services sector.

After the 2.7% increase in economic activity reported by the Banco de Guatemala in March, in the third month of the year, represented an acceleration since in February 2019 the variation was only 1.9%, the 2.8% in April is a continuation of the positive path of the economy.

Economic Activity Grows Less

April 2019

After recording in the first month of 2019 a 3.2% year-on-year increase in economic activity, in February of this year the IMAE closed with a 1.9% increase.

From the Bank of Guatemala report:

The economic activity measured by the estimation of the IMAE, in February 2019, showed a 1.9% growth rate (2.7% in February 2018).

Guatemala: Economic Activity Accelerates

February 2019

After recording at the end of 2017, a 2.6% year-on-year increase in economic activity, in December last year the IMAE closed a 3.3% increase.

The most recent figures estimated by the Bank of Guatemala (Banguat) specify that between November and December last year, economic activity registered a 5.7% increase.

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