Nicaraguan Private Construction Recovers

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.



More on this topic

Economic Activity Remains Low

March 2019

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.

Costa Rica: Economic Activity Grows 3.6% up to March 2017

May 2017

When looking at economic activity, the performance of services, manufacturing, and, to a lesser extent, of agricultural and livestock industries stand out the most.

From a statement issued by the Central Bank of Costa Rica:

In the first quarter of the current year, the average of the trend cycle of the monthly economic activity index (IMAE) grew by 3.8%, 0.8 percentage points (pp) lower than in the same period in 2016. On the other hand, the interannual rate of the cycle trend was 3.6% (4.9% -Mar 2016).  [GRAFICA caption = "Click to interact with graphics"]

Signs of Slowdown in Nicaragua

July 2013

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.

Low Expectations by Industrialists

November 2012

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.

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