Family remittances reached $3.509 million during the first nine months of the year, 9% more than the same period last year.
According to the figures from the Central Bank of Honduras, the country received family remittances for $295 million in the ninth month of the year, and from January to September it has received a monthly average of $389 million.
During the first nine months of the year, income from family remittances reached $6,824 million, 12% higher than the amount reported for the same period in 2017.
The most recent figures from the Bank of Guatemala show that in September 2018 the country received remittances of $746 million, which is 11% higher than the $672 million reported for the same month in 2017.
Arguing that the behavior of the main indicators of the local economy are consistent with those expected, Banco de Guatemala has decided to maintain the monetary policy rate at 2.75%.
From a statement issued by the Bank of Guatemala:
Guatemala, September 27, 2018.The Monetary Board, in its session held on September 26, based on a comprehensive analysis of the external and internal economic situation, after evaluating the Balance of Inflation Risks, decided to maintain the level of the leading monetary policy interest rate at 2.75%.
In the first eight months of the year, the country received $976 million in the form of remittances sent from abroad, registering an increase of 7.6% compared to the same period in 2017.
The Central Bank of Nicaragua reported that remittances totaled $126.7 million in August (US $120.4 million in August 2017), which represents an interannual variation of 5.2 percent.
In the first eight months of the year, the country received $3.604 billion in family remittances, almost 10% more than in the same period in 2017.
From a report by the Reserve Bank of El Salvador:
El Salvador received US $3,604.1 million in family remittances up to August 2018, with a growth of 9.5%, exceeding by US $311.6 million the income received under this concept in the same period last year, the Central Reserve Bank reported.
During the second quarter of 2018 the constant Gross Domestic Product totaled $10,084 million, 3% more than was reported in the same period in 2017.
The activities related to the domestic economy that performed positively in this quarter were: transport and communications, financial intermediation, trade, government services, health and education.On the other hand, construction activities, mines and quarries, hotels and restaurants, other community and personal activities presented negative behavior,informed the Comptroller General of the Republic.
Arguing that the behavior of the main indicators of the local economy and the current growth conditions are congruent, Banco de Guatemala has decided to keep the monetary policy rate as it is.
Banco de Guatemala reported that based on a comprehensive analysis of the external and internal economic situation, after evaluating the Inflation Risks Balance, it has decided to maintain the level of the leading interest monetary policy rate at 2.75%.
In the first seven months of the year, the country received $849 million in the form of remittances sent from abroad, registering an increase of 8% compared to the same period in 2017.
The Central Bank of Nicaragua reported that remittances totaled 124.4 million dollars in July (US $122.4 million in July 2017), which meant a year-on-year variation of 1.6%.
After May, economic activity in Panama recorded a slight year-on-year increase of 1.4%, in June it reported an increase of almost 3% compared to the same month in 2017.
From a statement issued by the General Comptroller of the Republic:
The Monthly Index of Economic Activity (IMAE) in the Republic, for January-June 2018, grew by 3.21%, compared to the same period in 2017.The interannual monthly variation in June 2018 was 2.86%, compared to the same month in the previous year.
In June of this year, the IMAE in Honduras registered an interannual increase of almost 4%, explained for the third consecutive month by the activities of Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry.
From a report issued by the Central Bank of Honduras:
At the end of the first semester of this year, the original IMAE series -which quantifies the volumes produced of the country's goods and services - presented an increase of 3.7% (5.0% as of June 2017). Meanwhile, the cycle trend series increased by 4.0% year-on-year (5.8% in June 2017).
In the first six months of the year, the country received $725 million in remittances from abroad, which is a 9% increase compared to the same period in 2017.
The Central Bank of Nicaragua reported that remittances totaled 115.2 million dollars in June (US $111.1 million in June 2017), which meant an increase of 3.7 percent.
After registering average increases of almost 4% in the first four months of the year, during May the IMAE reported a weak increase of 0.76% compared to the same month in 2017.
From a statement issued by the General Comptroller of the Republic:
The Monthly Index of Economic Activity (IMAE) in the Republic, for January-May 2018, grew by 3.17%, compared to the same period in 2017.The interannual monthly variation for May 2018 was 0.76%, compared to the same month in the previous year.
The IMAE registered an interannual increase of 3.7%, explained for the second consecutive month by the activities of Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry.
From a report issued by the Central Bank of Honduras:
The country's productive activity, according to the original series of the IMAE, grew by 3.7% at the end of May 2018 (5.1% in 2017), on the other hand, the cycle trend series reached an interannual variation of 3.8% (5.6% in May of 2017).
Between January and June 2018, family remittance flows sent from abroad totaled almost $2.7 billion, registering a 9% increase compared to the same period in the previous year.
El Salvador received US $2.6886 billion in family remittances up to June 2018, surpassing the US $229.2 million sent by Salvadorans living abroad in the first half of last year.In June alone, US $461 million was received in remittances, which means an increase of 11.2% compared to the same month in the previous year, reported the Central Reserve Bank (BCR).
During May, economic activity registered a negative year-on-year change of 4.9%, mainly explained by the crisis that the country has been experiencing since mid-April.
After a slowdown in the Monthly Index of Economic Activity in April, a change of -4.9% was reported in May compared to the same month last year.Average annual growth was 2.6% and the variation accumulated up to the month of May was 0.9%.