Nicaragua: Sales Keep Falling

In September, sales of houses in Nicaragua reported a fall of 80%, and sales of vehicles and hotels were reduced 75% and 70%, respectively, compared to the same month last year.

Friday, November 2, 2018

According to the Second Monitoring of Economic Activities in Nicaragua, prepared by the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), during September sales of advertising agencies fell 48%, those of distributors of medical equipment 40% and those of restaurants 35%, compared to the ninth month of 2017.

The fall in the income of the country's businesses occurs after more than six months of social and political crisis, which began last April 18 and has affected all productive sectors.

Regarding the current economic situation, reports that "... Today, fluctuations in economic activity are influenced by the uncertainty of consumers and investors and the perception of insecurity in different cities of the country."

The article adds that "... Cosep and Funides concluded that the economic activities most affected are those related to tourism (small hotels, tour operators, large hotels and restaurants), the distribution of motor vehicles, the urbanizing sector and trade and services in general."

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More on this topic

No Information to Make Decisions

November 2019

In Nicaragua, the authorities have not published information on the Monthly Index of Economic Activity since February 2019, when the year-on-year fall was 7.5%, a situation that prevents businessmen from making decisions based on the real situation of the economy.

The latest report published by the Central Bank of Nicaragua states that in the second month of 2019 the IMAE in the country registered a 7.5% decrease compared to February 2018, mainly because of the behavior of the Hotels and Restaurants, and Fisheries and Aquaculture sectors.

Companies Struggle Through the Crisis

June 2019

After 14 months of socio-political crisis in Nicaragua, companies in the country face a reduction in consumption and investment, as well as the impact on national economic activity of rising unemployment.

According to studies conducted by the Consejo Superior de la Empresa Privada (COSEP) and the Nicaraguan Foundation for Economic and Social Development (FUNIDES), the local economy faces a contraction in economic activity that continues to deepen, prevailing uncertainty and distrust in consumers and investors.

Nicaragua: Domestic Consumption Declines

December 2018

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

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.

Furniture and Wood Experiencing Low Sales

November 2018

Businessmen in Nicaragua reported that from January to September sales of furniture and wood showed a decrease of 60% compared to the same period in 2017.

According to the second Monitoring of Economic Activities in Nicaragua, of the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), under the political and social crisis that has affected the country for more than six months, sales of the furniture sector have reported negative results.

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