Guatemala: Economic activity growth wanes in March
Economic activity rose 2.7% compared to the same month of the previous year in March, which was below February’s 3.3% increase. Looking at the details of the release, strong activity in the hospitality, wholesale and retail trade, financial services, and real estate sectors supported overall growth.
Accordingly, the trend pointed down, with the annual average growth of economic activity coming in at 3.4% in March, down from February’s 3.5%.
Meanwhile, on the external front, merchandise exports contracted by 9.7% year on year in March (February: -4.3% yoy). In addition, remittance inflows grew 1.2% yoy in the same month, cooling from February’s 10.6% rise.