Guatemala: Economic activity picks up in November
Latest reading: Economic activity grew 4.6% year on year in November, accelerating from October’s 4.2% expansion.
Meanwhile, annual average economic activity growth inched up to 4.1%, following October’s 4.0% reading.
On the external front, merchandise exports growth gained steam in November, expanding 4.2% following October’s flat reading. Meanwhile, remittance inflows growth lost traction, clocking in 11.3% growth in November—a seven-month low (October: 19.5%). When it comes to remittances, stricter U.S. migration policies and rising deportation fears remain key to monitor.