Up to the third quarter of 2011, private construction grew by 28.8% according to the Central Bank of Nicaragua (BCN).
Thursday, January 5, 2012
The BCN's report states:
Up to the third quarter of 2011, private construction recorded accelerated growth for the third consecutive time, the annual average going up by 28.8 percent (19.9% the previous quarter).This was the result of the dynamism observed in residential, service and trade buildings, while industrial buildings showed a lower rate of contraction from the previous quarter.
Residential buildings showed a significant growth of 39.3 percent (29.4% in the second quarter of 2011), which meant a contribution of 28.4 percentage points to growth in activity. Likewise, works on trade and services buildings registered increases of 21.6 and 3.5 percent respectively (55.9% and -14.3% the previous quarter), making together 1.8 percentage points.
Industrial projects contracted by 30.6 percent (-38.6% the previous quarter), which resulted in a marginal negative contribution of 1.4 percentage points.
During January 2019, the Monthly Index of Economic Activity in Costa Rica reported a 1.6% year-on-year increase, which is less than the 3.2% recorded in the same month last year.
With the exception of construction, all economic activities were less dynamic than in January 2018. The Central Bank of Costa Rica (BCCR) reported that agricultural activity and trade showed negative variations.
Economic growth remains above 4% but it is slowing down and becoming concentrated on a few activities.
The Nicaraguan Foundation for Economic and Social Development (FUNIDES) presented on Tuesday July 16 its second report on economic conditions in 2013, which indicates that economic growth remains above 4 percent, but is slowing down and is concentrated on a few activities.
Optimism has waned on the part of the Chamber of Industries of Costa Rica who predict slower growth of activities in the sector, estimating it at just 3%.
A press release from the Chamber of Industry reads:
November 2012. A year that started with great expectations, but whose behavior has changed with the passing months.
A monthly report has been released giving the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, tax revenue.
The Consumer Price Index (CPI) registered an annual variation of 6.20% in December 2011, 0.81 percentage points higher than in the previous year (5.39%). In December 2011 the CPI showed a monthly variation of 0.22%, 0.14 percentage points higher than in the
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