Commerce in Nicargua Drops 25%

Commercial activity fell between 25% and 30% in January, as reported by the Nicaraguan Chamber of Commerce.

Friday, February 27, 2009

La Prensa publishes on its website: "Eduardo Fonseca, the executive director of Caconic (the Nicaraguan Chamber of Commerce), confirmed this information and said that commerce is following the same course in February. If so, this would represent a reduction of $2.7 million (55 million cordobas ) circulating through trade because, according to statistics from the Nicaraguan Central Bank, business generated $10.1 million (220.6 million córdobas) in transactions in January, 2008."

More on this topic

Retail Recovers in El Salvador

June 2010

Retail commerce grew 2.5% in March; it had fallen 20.9% in the same month of 2009.

According to the Monthly Economic Activity Index (IVAE), developed by the Central Bank of El Salvador, retail was the single worst performing economic sector during 2009.

The bank remarked that several sectors recovered during March 2010, including commerce, finance, manufacture and agriculture.

Sales of Goods Fall in Guatemala

September 2009

From January to August 2009, sales of goods dropped 5.8% when compared to the same period of 2008.

Data from the Tax Authority (SAT) shows that with the exception of January and April, monthly data has been always negative.

"Sales of services show a similar trend, albeit less steep...", reported Elperiodico.com.gt.

Lower Consumer Sales in Guatemala

July 2009

Despite commercial efforts in promotions and discounts, consumer sales were down 4.3% in the first half of the year.

Commerce will shrink 1.5%, mainly because the 29% drop in imports, informed the Central Bank of Guatemala.

"Lack of customers has forced businesses to sell cheaper, reducing profits...", said César Estrada, president of the Chamber of Commerce and Services, in an article in Elperiodico.com.gt.

Nicaragua: Sales Continue Downward Trend

May 2009

Due to the economic crisis, various sectors of the economy closed this March with lower sales than those in March 2008.

The data presented by the Superior Council of Private Enterprise (COSEP) reported a slowdown in sales during the first quarter when compared with the same period in 2008.

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