*Honduras’ central bank (BCH) has released new figures that show that the country’s monthly indicator of economic activity (Imae) was up by 3.7% in October compared with the same month of 2023 while accumulated growth in the first ten months of the year was 4.1%. This compares with year-on-year growth of 3.5% in September, while accumulated growth in the first nine months of the year was 4.2%. Key contributors to accumulated growth in the first ten months included intermediation, insurance and pension funds (+12.0%), electricity and water (+7.2%), and private construction (+7.1%). The sectors that registered a decline in the first ten months were the manufacturing industry (-1.5%) and transport and storage (-0.3%). In its latest forecast released on 18 December, the United Nations (UN) Economic Commission for Latin America and the Caribbean (Cepal) forecast that Honduras will post 3.6% GDP growth in 2024, a growth rate also registered in 2023.
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LatinNews Daily - 20 December 2024
In brief: Honduras economic activity up year-on-year
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