Honduras’ economic activity index grew by 3.2% YoY in September, signaling moderated growth in Q3 2024 compared to stronger performance in 1H24. Manufacturing was a drag, contracting 4.7% YoY in September and ending Q3 with a 2.1% decline. That marks the sector’s second consecutive year of contraction, influenced by weak demand from the U.S. manufacturing sector, though financial services continued to drive growth.