Guatemala: Economic activity growth ticks down in December
Latest reading: Economic activity growth edged down to 3.4% year on year in December from November’s 3.5%. Looking at the details of the release, sturdy rises in the financial, real estate plus wholesale and retail trade sectors likely limited the slowdown.
Still, the trend pointed up, with annual average growth in economic activity rising to 3.7% in December (November: +3.6% yoy).
On the external front, merchandise exports rose at a softer pace of 4.4% in December compared to November’s 11.4% print. Conversely, remittances inflows growth accelerated to 10.0% in the same month (November: +7.4% yoy), boding well for household budgets.