Nicaragua: Domestic Consumption Declines

From January to October of this year, 13 out of 17 domestic consumption activities reported contractions over the same period in 2017.

Thursday, December 20, 2018

The third report of the Economic Activities Monitoring of Nicaragua of the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), detail that the sales of urbanization companies that build homes of medium-high and high level from January to October of this year are 80% lower than those recorded in the first 10 months of 2017.

Other activities that reduced their sales for the months concerned were leather and footwear SMEs, Large Hotels, Vehicle Distribution, Restaurants, Advertising Agencies, Medical Equipment Distributors, Social Interest Housing, Drug and Device Distributors, Tour Operators, Agrochemical Formulation and Distribution, Alcoholic Beverages and Chicken Industry.

According to the report, the Energy Production did not register variations, and the activities that increased its sales were Mass Consumption Distribution, Egg Production and Telecommunications.

See full report.

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