The economic activity in El Salvador advanced 1 percent year-on-year, slowing from a downwardly revised 2.1 percent expansion in the previous month. Output growth eased in construction (9.8 percent from 17 percent in May); financial activities & insurance (4 percent from 7.4 percent); information & communication (4.9 percent from 5.1 percent); and public administration (1.2 percent from 5.5 percent). Also, professional activities & other services shrank 1.1 percent, after a 0.7 percent growth in May and output contracted further in trade & transportation (-4.2 percent from -3.3 percent). Leading Economic Index in El Salvador averaged 3.33 percent from 1991 until 2019, reaching an all time high of 20.50 percent in March of 1992 and a record low of -8.90 percent in October of 2009.
Leading Economic Index in El Salvador is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in El Salvador to stand at 2.20 in 12 months time. In the long-term, the El Salvador Economic Activity Index YoY Change is projected to trend around 2.30 percent in 2020, according to our econometric models.