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LatinNews Regional Monitor: Brazil & Southern Cone - 16 July 2018

In brief: Paraguay

Paraguay: The central bank (BCP) has published its latest monthly economic activity indicator (Imaep), which shows a 5.3% increase in May 2018 compared with May 2017. The BCP attributed the increase principally to an expansion in the services sector and some manufacturing and construction sub-sectors. In the services sector the BCP’s report highlights commerce, home and government services, transport, telecommunications, and restaurant and hotel services as key areas of growth. In terms of manufacturing it emphasises metal products, chemicals, non-metallic minerals, textiles, machinery and equipment, and beverages and tobacco. The May Imaep figures mean that accumulated growth in economic activity for the first five months of 2018 is currently at 6%, higher than for the same period in 2017. According to the latest BCP forecasts published in April, Paraguay’s GDP is expected to increase by 4.5% in 2018.

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