Guatemala: Economic activity growth picks up pace in November
Economic activity rose 5.0% in year-on-year terms in November, up from October’s 4.5% increase. The reading was supported by robust growth in the trade and repair of vehicles; manufacturing; real estate; and agricultural sectors.
Meanwhile, annual average growth in economic activity rose to 8.1% in November from 8.0% in October.
The print suggest that the economy remained on solid footing in the fourth quarter, although economic growth in the quarter as a whole will have eased from the prior—partly due to a less favorable base effect. Moreover, protests and social unrest in October and November seemingly had a limited impact on the economy.