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Guatemala: Economic activity growth rises in May
Latest reading: Economic activity grew 3.8% in year-on-year terms in May, above April’s 3.7% increase. Robust momentum in construction, domestic trade, industrial manufacturing and financial services buoyed growth.
Meanwhile, annual average economic activity growth fell to 3.8% in May (April: +3.9%), pointing to a worsening trend.
On the external front, merchandise export growth cooled in May to 8.0% in annual terms (April: +13.6% yoy), as front-loading ahead of U.S. tariffs likely continued to fade. That said, remittance inflows growth roughly doubled in May to 15.2% from April’s 7.4%, likely bolstered by migrants rushing to send money home amid stricter immigration policies in the U.S. and the proposal of a U.S. remittance tax.
