During November 2019, the IMAE registered a 2.6% year-on-year increase, largely because of the performance of Financial Intermediation and the Manufacturing Industry.
From the Central Bank of Honduras report:
As of November 2019, the volumes produced of goods and services in the country registered a 2.6% increase, with respect to the same period in 2018 (3.7%), according to the original IMAE series; while the cycle trend series denotes a recovery for the second consecutive month, by growing 2.5% year-on-year (3.7% in 2018).
During December 2019 in Honduras, the Economic Activity Confidence Index registered a 33% decrease with respect to what was reported at the end of 2018.
Analysts said they expect that the slower evolution of the world economy and adverse weather conditions could continue to affect the growth of the Honduran economy, reported the Central Bank of Honduras.
Agriculture, livestock, forestry and fisheries, and financial intermediation largely determined the 2.4% increase in GDP in the third quarter of last year, compared to the same period in 2018.
Agriculture, Livestock, Forestry and Fishing registered a 2.6% increase, mainly because of the rise in the Gross Added Value (GVA) of coffee cultivation as a result of reseeding, maintenance and fertilization in the farms during the third quarter, informed the Central Bank of Honduras (BCH).
During October, the IMAE registered a 2.7% year-on-year increase, largely because of the performance of the manufacturing industry and the commercial sector.
The original series of the Monthly Economic Activity Index (IMAE) reflects that, up to October 2019, the national production of goods and services, in terms of volume, grew 2.7% (3.7% in the same period of 2018), reported the Central Bank of Honduras (BCH).
During September, the IMAE registered a 2.7% year-on-year increase, mainly because of the performance of Construction and Commercial Activity.
At the end of the third quarter of the current year, the original IMAE series reached 2.7% cumulative variation (3.5% in the same period in 2018). Meanwhile, the trend cycle series showed a 2.2% year-on-year variation (3.8% in September 2018), reported the Central Bank of Honduras.
During August, the IMAE in Honduras registered a 2.4% year-on-year increase, largely because of the performance of financial intermediation, insurance and pension funds.
The economic activities with positive behavior were: Financial Intermediation, Insurance and Pension Funds, Mail and Telecom, Manufacturing Industry and Commerce, to a lesser extent contributed Private Construction and Electricity and Water, reported the Central Bank of Honduras (BCH).
After reporting falls in previous months, during September 2019 in Honduras the Economic Activity Confidence Index registered a 4% increase with respect to August.
Analysts showed that the main indicators that measure economic performance are positive, they expect that with the proximity of the Morazán Week and the Christmas season the economy will dynamize, informed the Central Bank of Honduras.
Up to July of this year, economic activity in the country grew 2.8%, slightly higher than the 2.5% recorded in the previous month.
The economic activities highlighted for their contribution to the overall result of the indicator were: Financial Intermediation, Insurance and Pension Funds, Post and Telecom, Commerce and Manufacturing Industry, as well as Private Construction and Electricity and Water, reported the Central Bank of Honduras.
In August, the Index of Confidence in Economic Activity registered a 7% decrease with respect to the previous month, a drop that complements the inter-monthly drop reported in July of this year, which was 17%.
According to those consulted, factors such as the lack of political consensus, weakening of institutional credibility and the social panorama are elements that affect the business environment, reported the Central Bank of Honduras (BCH).
In July, the Confidence Index of Economic Activity registered a 17% drop with respect to May, where again 49% is explained by the result of the current confidence index and 51% by future activity.
The consulted ones indicated that the potential negative impact of the unfavorable external conditions and the fall of prices of some products of exportation in the evolution of the national economy, as well as aspects related to the climate of businesses and its incidence in the new investments, informed the Central Bank of Honduras (BCH).
Up to June of this year, economic activity in the country grew by 2.5%, a year-on-year variation that is lower than the 2.7% recorded in May.
Domestic production of goods and services grew 2.5% in June 2019, 0.9% lower than the rate recorded in the same period of the previous year (3.4%). On the other hand, the cycle trend series showed a year-on-year increase of 1.9% (3.9% in the same month of 2018), said the Central Bank of Honduras.
Economic activity in the country registered a 2.7% year-on-year increase up to May, an increase that is explained in part by the behavior of Trade in goods and services, and private Construction.
For the fifth month, the economic activities that stood out for their contribution were: Financial Intermediation, Insurance and Pension Funds, Post and Telecommunications, Commerce, Manufacturing Industry, Electricity and Water, and Private Construction, reported the Central Bank of Honduras.
During June, the Confidence Index of Economic Activity registered a 13% decrease with respect to May, where 49% is due to the result of the current confidence index and 51% to future activity.
From the Central Bank of Honduras report:
In the opinion of the people consulted, in June 2019, the year-on-year inflation would be at 5.12% and for the closing of 2019 it would be 5.03% (4.84% in the survey of the previous month); meanwhile, it is estimated that for June 2020 (within 12 months) it would be at 5.00% and to December of the same year would reach 5.04%.
As of April, economic activity in the country registered a 2.7% year-on-year increase, an increase mainly due to the behavior of financial intermediation.
Financial Intermediation, Insurance and Pension Funds grew 6.9% during the fourth month of the year, a result caused by the positive behavior of Financial Intermediation (7.1%), sustained by the increase in interest received on the portfolio of loans and commissions on credits granted, as well as by the use of credit cards, explains the report of the Central Bank of Honduras.
Mainly because of the economic activity reported in the financial and services sector, during February the IMAE in Honduras grew 3.7% with respect to the same month in 2017.
For its contribution to the overall result of the indicator, the following activities are noteworthy: Financial Intermediation, Insurance and Pension Funds, Post and Telecommunications, Trade; Agriculture, Livestock, Forestry and Fisheries, Private Construction, Hotels and Restaurants, and Electricity and Water, reported the Central Bank of Honduras (BCH).