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:
Due to the eruption of the Volcano of Fire and suspension of the operations of the San Rafael mining company, combined with a drop in the international prices of sugar, coffee and natural rubber, the economy is expected to grow less in 2018.
According to the Bank of Guatemala (Banguat), the projection for economic growth for this year is currently 3.4%, with a range of between 3% and 3.8%.However, due to the events registered throughout the year, it is expected that the growth rate could be reduced to 3%.
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%.
During the first three months of the year Nicaragua's annual GDP growth was 2.3%, well below the 7.7% increase reported in the same period in 2017.
As of March 2018, the Nicaraguan economy achieved year-on-year growth of 2.3% and 3.5% in annual average terms, reported the Central Bank of Nicaragua.
The acceleration in the activity reported up to the fifth month of the year is mainly due to recovery of the construction sector and a greater external demand for manufactured products.
The acceleration in the indicator, with respect to what has been seen in previous months, was mainly due to a recovery in the construction industry and higher external demand for manufactured products under the special regime, reported the Central Bank of Costa Rica.
Trade and Financial Intermediation are the sectors that accounted for most of the increase recorded in the economic activity index during the fifth month of the year.
Explained by a higher household consumption, in the first quarter of the year in Costa Rica the GDP registered a year-on-year growth of 3%.
The Central Bank of Costa Rica reported that "... In the first quarter of 2018, economic activity, measured by the trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.2%, mainly as a consequence of higher spending on final household consumption, in gross capital formation and, to a lesser extent, in exports of goods.In the year-on-year comparison, production registered growth of 3.0%."
Explained by the performance of private consumption and gross investment, during the first three months of the year the Gross Domestic Product registered an increase of 3.4%.
The Central Reserve Bank reported that "... During the first quarter of the year, the Salvadoran economy grew at a rate of 3.4% due to a significant boost in domestic demand favored by higher private consumption and gross investment, while external demand benefited from thegood performance of the global economy, mainly from the United States and the region's main trading partners."
The poor performance of the mining sector and the decline in the export price of sugar and coffee could have a negative impact on the outlook for economic growth this year.
According to Bank of Guatemala (Banguat), the recent performance of short-term indicators of economic activity such as the Monthly Index of Economic Activity, imports and family remittances, among other things, they anticipate a performance consistent with the estimate for the end of the year, which ranges between 3% and 3.8%.
The activities that contributed the most to the accumulated growth in the first five months of the year were Construction, Commerce, Local Manufacturing, and Transportation and Storage.
The Central Bank of the Dominican Republic reported that "... the monthly indicator of economic activity (IMAE) recorded a cumulative preliminary growth of 6.6% in the period January-May. This behavior is the result of a year-on-year variation of 6.4% during the January-March 2018 quarter and 7.0% in the April-May 2018 period, the latter being the result of interannual rates of 7.5% in the month of April and 6.4% in May."
In the first months of the year, the pace of economic activity, employment and bank credit have been slowing down, complicating Costa Rica's economic outlook in the coming months.
During the fourth month of the year, economic activity reported an interannual growth of 2.8%, an increase that is below the average growth rate of 3% reported in the last eight years. On top of this awards of bank loans went up 6% with respect to February 2017, half the rate it was growing at a year ago.
For the second consecutive month, Commerce and Transport were the sectors that contributed most to the year-on-year increase of 5% recorded in economic activity up to the month of April.
From a statement issued by the General Comptroller of the Republic:
The Monthly Index of Economic Activity (IMAE) in the Republic, for January-March 2018, grew by 3.77%, compared to the same period in 2017.The interannual monthly variation in April 2018 was 4.64%, compared to the same month in the previous year.
In April, the IMAE registered an interannual increase of 1.6% compared to the same month in 2017, below the average rate of 2.9% reported in the first three months of the year.
The IMAE registered an interannual increase of 3.8%, mainly explained by the activities of Financial Intermediation, Insurance and Pension Funds, and the Manufacturing Industry.
From a statement issued by Banco Central de Honduras:
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