After the Economic Activity Confidence Index reported a 19% drop in March 2020, in April the situation worsened with a -43% year-on-year variation, a drop that agrees with the advance of the health crisis in the country.
In April 2020, the level of the Economic Activity Confidence Index stood at 32.64 points, 43.25% lower than that recorded in March 2020 (57.52 points) and fell by 26.83% compared to April 2019 (44.61 points), reported the Bank of Guatemala.
At the end of 2019, economic activity in Guatemala grew 3%, behavior that was explained in part by the performance of the commercial and construction sectors.
Trade and vehicle repair were the activities that, during November 2019, explained the 3.4% year-on-year variation in the IMAE.
In November last year, the Monthly Index of Economic Activity (IMAE) slowed down for the second consecutive month, from 4.3% to 3.7% between September and October, and in the eleventh month it fell to 3.4%, reported the Bank of Guatemala.
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.
Private services, manufacturing industries and wholesale and retail trade explained part of the 3% year-on-year increase reported in gross GDP in the period from April to June 2019.
Financial intermediation, insurance and auxiliary activities, and Construction were other economic activities contributing to the growth of the Gross Domestic Product for the quarter in question.
In August, the IMAE in Guatemala registered a 3.7% year-on-year variation, influenced by wholesale and retail trade activities, and private services.
The economic activity measured by the estimation of the IMAE, in August 2019, showed a 3.7% growth rate, variation that is slightly lower compared to the 3.8% registered in the eighth month of 2018, explains the report of the Banco de Guatemala.
In Guatemala, the Economic Activity Index registered year-on-year growth of 3.1% in June, explained in part by the variations of Private Services and Manufacturing Industries.
According to the report of the Banco de Guatemala the economic activity measured by the estimation of the IMAE, reported a deceleration in June 2019, since it registered a 3.1% growth rate, increase that is lower to the variation of 3.5% reported in May of this year.
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).
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.
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.
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%.
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.
In January, the economic activity in Guatemala reported a 3.4% increase regarding the same month in 2018, mainly because of the performance of Transport and Private Services.
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.
In December 2018, the Confidence in Economic Activity Index in Guatemala reported a 14% increase regarding November, and in relation to the same month in 2017 it increased 8%.
The Banco de Guatemala informed that in the last Economic Expectations Survey an inflationary rhythm of 4.01% is forecast for December 2018. It foresees 3.93% for January 3.96% for February and 4.24% for December. In addition, for a 24-month period (December 2020) the Panel forecasts a 4.38% inflationary rhythm.
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).
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