During November 2019, the Monthly Index of Economic Activity reported a 3.6% year-on-year change, which was largely determined by commercial activities and financial intermediation.
Among the categories of economic activity showing positive behavior were: commerce, transportation, storage and communications, public administration, financial intermediation, agriculture, electricity and water, mining and quarrying, and domestic services, reported the General Comptroller of the Republic.
During November 2019, the IMAE registered a 2.6% year-on-year increase, largely because of the performance of Financial Intermediation and the Manufacturing Industry.
As of November 2019, the volumes produced of goods and services in the country registered a 2.6% increase, with respect to the same period in 2018 (3.7%), according to the original IMAE series; while the cycle trend series denotes a recovery for the second consecutive month, by growing 2.5% year-on-year (3.7% in 2018).
During December 2019 in Honduras, the Economic Activity Confidence Index registered a 33% decrease with respect to what was reported at the end of 2018.
Analysts said they expect that the slower evolution of the world economy and adverse weather conditions could continue to affect the growth of the Honduran economy, reported the Central Bank of Honduras.
Trade and vehicle repair were the activities that, during November 2019, explained the 3.4% year-on-year variation in the IMAE.
In November last year, the Monthly Index of Economic Activity (IMAE) slowed down for the second consecutive month, from 4.3% to 3.7% between September and October, and in the eleventh month it fell to 3.4%, reported the Bank of Guatemala.
In Panama the government estimates that in 2020 the economy will grow between 4% and 4.5%, a rise that would be determined by the behavior of construction, tourism and exports.
According to estimates from the Ministry of Economy and Finance (MEF), by the end of 2019 the increase in the Gross Domestic Product (GDP) could fluctuate between 3% and 3.5%, while by the present year 2020 it will be between 4% and 4.5%.
The Salvadoran business sector welcomes with good expectations the announcement of the Bukele administration to implement the "Economic Takeoff Plan", and they assure that they are willing to join efforts.
With the 2.9% year-on-year change reported in the IMAE in November 2019, the economy has accumulated six consecutive months of acceleration.
The country's production, measured through the Monthly Index of Economic Activity (IMAE), registered a 2.9% year-on-year growth in November, the highest since July 2018, reported the Central Bank of Costa Rica (BCCR).
Nayib Bukele announced that his administration will implement the "Economic Takeoff Plan", which aims to create the conditions for the economy to grow above 3.5%.
The plan will focus on articulating government efforts in the agricultural sector, telecoms through connectivity and education focused on preparing the new generations in the framework of the fourth industrial revolution.
A few days before the new government takes office in Guatemala, the Economic Activity Confidence Index reported a 21% year-on-year growth.
Figures from the Bank of Guatemala indicate that in December 2019 the country's Confidence in Economic Activity Index (Icae) reported a considerable increase compared to the same month in 2018, a performance that reinforces the upward trend it has been registering since July last year.
In the context of the economic slowdown that Costa Rica suffered for much of last year, 4 out of 10 families restricted their purchases of clothing and footwear.
Thirty-three percent of households reduced their spending on meals outside the home, and in the area of other recreation or entertainment expenses, 29% of households consulted said that during 2019 they restricted their spending, details the "2019 News Survey ", prepared by the University of Costa Rica (UCR).
The Central Bank estimates that in 2020 economic growth will be 2.5%, which would exceed the 2.3% projected at the end of 2019.
The continuity in the application of public policies aimed at improving the environment for local consumption and investment, allows to foresee a slight rebound in the dynamics of production in 2020, with an estimated annual rate of 2.5%, reported the Central Bank (BCR).
After the Monthly Index of Economic Activity reported a 5.2% year-on-year increase in October 2019, the change was 5.5% in November last year.
For November 2019, the economic activities with the highest incidence in the behavior exhibited during the period are Free Zones (13.8%), Construction (10.6%), Financial Services (8.9%), Other Services Activities (7.2%), Trade (6.3%), Energy and Water (5.7%), Transport and Storage (5.8%) Real Estate Activities (4.9%), and Agriculture and Livestock (4.7%), explains the report of the Central Bank of the Dominican Republic.
Agriculture, livestock, forestry and fisheries, and financial intermediation largely determined the 2.4% increase in GDP in the third quarter of last year, compared to the same period in 2018.
Agriculture, Livestock, Forestry and Fishing registered a 2.6% increase, mainly because of the rise in the Gross Added Value (GVA) of coffee cultivation as a result of reseeding, maintenance and fertilization in the farms during the third quarter, informed the Central Bank of Honduras (BCH).
During the third quarter of the year, constant GDP totaled $10.731 million, 3% more than that reported for the same period in 2018.
Of the activities related to the domestic economy had a positive performance in this quarter, transport and communications, government services, electricity, trade, financial intermediation, private health and education, reported the General Comptroller of the Republic.
In Costa Rica, businessmen believe that by 2020 major steps should be taken to revive the economy and reduce unemployment, and government initiatives should focus on not hindering national production.
For the national productive sector, represented in the Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado (UCCAEP) (Costa Rican Union of Chambers and Associations of the Private Business Sector), during next year this government cannot fail to implement public policies that are not very effective.
español
3747