Nicaraguan Economy Showing Signs of Recovery

During July the IMAE registered -4% year-on-year variation, a drop that is less than those reported in April, May and June, months in which due to the crisis generated by the covid-19, production reported contractions of 10%, 8% and 6%, in that order.

Friday, October 16, 2020

In the seventh month of the year, agricultural activity grew by 9.7% (2.1% in the accumulated January-July), due to increased work and production in the cultivation of coffee, corn, beans, rice, sorghum, and peanuts, among other agricultural products, reported the Central Bank of Nicaragua (BCN).

Check out the "System for monitoring markets and economic situation in Central American countries", prepared by CentralAmericaData.

According to the BCN report "... Fishing and aquaculture decreased 2.7% (0.5% growth in the accumulated January-July), as a result of lower production of shrimp; and capture of fish, shrimp and other fisheries products. However, the capture of lobster registered growth.

The manufacturing industry registered a 1.8% decrease (-5.8% in the accumulated January-July), as a result of lower production in machinery and equipment, textiles, meat and fish products, beverages, among others; and growth in other foods, tobacco, oil derivatives, non-metallic, among others.

Construction activity decreased by 5.2% (3.9% growth in cumulative January-July). Among the construction materials that most contributed to this result are: blocks, sand, asphalt, among others.
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See full report (in Spanish).



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