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.
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).
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.
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).
In the last two years, 100,000 loans that were up to date became arrears, and bankers attribute this mainly to the increase in unemployment and the decline in economic activity.
The slowdown that the Costa Rican economy has suffered in the last two years is taking its toll not only on businesses and families, but also on the banking sector.
With a new methodology, the Banco de Guatemala determined that the value of the informal economy already adds up to the equivalent of 22% of the Gross Domestic Product.
The new calculation used by the Banco de Guatemala (Banguat) to measure national production now includes the measurement of the informal economy, mainly its participation in productive activity.
Because of the tension between the productive sector and the government, coupled with the lack of official statistics from the Central Bank, some companies in Nicaragua have chosen to stop providing information to the authorities.
In an attempt to hide the complicated economic situation, the country is going through, local authorities have not published information on the Monthly Economic Activity Index since February 2019, when the year-on-year drop was 7.5%. This prevents businessmen from making decisions based on the real situation of the economy.
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.
During October 2019, a 2.5% year-on-year variation was reported in the IMAE, a rise that is explained by the behavior of manufacturing activity and the service sector.
According to the report of the Central Bank of Costa Rica (BCCR), with the rise reported in the tenth month of the year, the Monthly Index of Economic Activity (IMAE) showed signs of recovery for the fifth consecutive month.
During October, the IMAE registered a 2.7% year-on-year increase, largely because of the performance of the manufacturing industry and the commercial sector.
The original series of the Monthly Economic Activity Index (IMAE) reflects that, up to October 2019, the national production of goods and services, in terms of volume, grew 2.7% (3.7% in the same period of 2018), reported the Central Bank of Honduras (BCH).
In a context of slowdown in industrial activity and loss of jobs, the industrialists' union of El Salvador calls for a policy of attracting investment through incentives and reviewing and taking advantage of existing trade agreements.
El Salvador's industrial sector registered a 0.9% growth in the first half of 2019, two percentage points less than last year during the same period, a fact that shows that economic growth in El Salvador remains slow and low, remaining at 2%, reported the Salvadoran Association of Industrialists (ASI).
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