Honduras Reports 3.8% Economic Growth Until April

According to a report published on Tuesday, the Central Bank of Honduras highlighted that the accumulated variation of the Monthly Economic Activity Index (IMAE) is in line with the economic growth parameters set in the 2024-2025 Monetary Program review. The IMAE measures key sectors of a country’s economic activity and is used for investment decision-making. Carlos Ávila, manager of the monetary institution, noted that the accumulated expansion of the Gross Domestic Product (GDP) until April is due to the dynamism of key sectors linked to consumption, digital services, and exports. This growth reflects a solid and resilient performance of the national productive activity, driven mainly by financial intermediation, communications, and agriculture. Other activities such as insurance and pension funds, postal and telecommunications, transport and storage, and commerce also significantly contributed to the rise in the IMAE. In contrast, the manufacturing industry showed a slight contraction due to a decline in textile and garment production. The financial sector was one of the drivers of GDP growth due to increased revenues from consumer loans, home purchases, commerce, and a rise in banking commissions, premiums, and insurance and pension contributions. In agriculture, the BCH attributed the dynamism to a rebound in coffee exports, driven by high international prices, and growth in shrimp, tilapia, corn, bean, poultry, and egg production. Commerce also benefited from an increase in food, fertilizer, and electrical machinery sales amid the start of the agricultural season. With this expansion rate, economic authorities project that national activity could close the first half of the year with a sustained trend, supported by strategic sectors showing high adaptability and responsiveness to current challenges.
— new from Prensa Latina

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