Guatemala: Economic activity growth picks up in September
Latest reading: Economic activity grew 4.5% year on year in September, accelerating from August’s 3.4% expansion. The improvement was driven by momentum in the financial sector, manufacturing, real estate activities, construction and trade and repair of vehicles.
Meanwhile, annual average economic activity growth remained stable at 4.1% for a third consecutive month.
On the external front, merchandise exports returned to growth in September, expanding 1.9% after August’s 4.6% decline. Meanwhile, remittance inflows growth picked up, clocking in 22.2% growth in September following August’s 17.2% reading. When it comes to remittances, stricter U.S. migration policies and rising deportation fears remain key to monitor.