For the second consecutive month, Commerce and Transport were the sectors that contributed most to the year-on-year increase of 5% recorded in economic activity up to the month of April.
From a statement issued by the General Comptroller of the Republic:
The Monthly Index of Economic Activity (IMAE) in the Republic, for January-March 2018, grew by 3.77%, compared to the same period in 2017.The interannual monthly variation in April 2018 was 4.64%, compared to the same month in the previous year.
Between January and May, family remittances received by the country totaled $2.228 billion, registering an increase of 8.9% compared to the same period in the previous year.
The Central Reserve Bank reported that "... El Salvador received US $2.2276 billion in family remittances up to May 2018, an additional US $182.9 million (8.9% more) than the income received under this concept in the same period in the previous year, reported the Central Reserve Bank.In the month of May alone, the country received US $ 493.7 million, with a year-on-year growth of 7.1%."
In response to the rupture of the dialogue on the part of the Ortega administration, companies and citizen organizations have called for a national strike on Thursday, June 14.
Demanding the cessation of repression by the Government and the resumption of the National Dialogue, social and business organizations, called for a general strike to take place tomorrow.
Information and communications, and professional activities, were the sectors that accounted for most of the increase recorded during the fourth month of 2018.
The Panamanian issue of $500 million in "Panda" debt securities could be made in the course of the second half of the year, in the Chinese capital market.
With this issue, the Panamanian government plans to take advantage of the most favorable financing conditions offered by the Chinese securities market, compared to the local market and even other developed markets.
Manufacturing and transportation were the sectors that accounted for most of the variation in the economic activity index during the fourth month of the year.
In the optimistic scenario, which foresees an end to the crisis in Nicaragua by the end of July, economic growth at the end of 2018 would be only 1.7%, with $400 million losses in added value.
The Nicaraguan Foundation for Economic and Social Development projects that a possible first scenario would be one where "...the government accepts an early exit negotiated and implemented no later than the end of July, thus achieving a framework of understanding focused on the issues of justice and democratization, putting an end to repression, violence and citizen insecurity."
Banks in Costa Rica are opposed to the Central Bank's proposal to modify the rules so that entities buy and sell dollars at the same prices, regardless of whether the amounts to be traded are large or small.
The objective of the changes proposed by the Central Bank of Costa Rica (BCCR) is for banks to always use the same exchange rate for their purchases and sales of dollars, regardless of whether they are large or small amounts.See "The Same Exchange Rate for Everyone"
Due to the recent strike in the construction sector, the entity has reduced projections of economic growth for this year from 5.6% to 4.6%.
<span dir="ltr">However, recovery from the impact of the strike and the entry into operation of a large copper mine will lead to an upward revision of around one percentage point in the growth projection of 5.8% for 2019.
Figures from Funde detail that last year FDI totaled $445 million, and in March 2018 economic activity grew by 2%.
The National Development Foundation (Funde) presented the results of the report "Economic and fiscal situation 4th year of the administration 2014-2019", and among the main conclusions of the study is that "...El Salvador remains behind as a recipient of resources Direct Foreign Investment in Central America, even though Guatemala and Nicaragua had falls in net inflows in 2017."
In line with the decreasing trend that has been reported since last year, in May 2018, the Confidence Index of Economic Activity in Guatemala fell by 42% compared to the same month in 2017.
According to a survey carried out by Banco deGuatemala, an inflationary rhythm of 4.09% is forecast for May, 4.12% for June and 4.09% for July 2018. Regarding expectations for the end of the year, the consulted businessmen expect December to close with inflation of 4.50%.In addition, for a horizon of 12 and 24 months (May 2019 and May 2020), the Panel forecasts an inflationary rhythm of 4.31% and 4.48%, respectively.
The economic activities that contributed the most to the accumulated growth up to April were Construction, Commerce, Local Manufacturing, Transportation and Storage, Hotels, Bars and Restaurants.
From a statement issued by the Central Bank:
The Central Bank of the Dominican Republic informs economic agents and the general public that the monthly indicator of economic activity (IMAE) registered a preliminary inter-annual variation of 7.5% in the month of April.
Trade and transport are the sectors that contributed most to the interannual variation of 2.86%, registered in the third month of the year in the economic activity index.
From a statement issued by the General Comptroller of the Republic:
The Monthly Index of Economic Activity (IMAE) in the Republic, for January-March 2018, grew by 3.49%, compared to the same period in 2017.The interannual monthly variation of March 2018 was 2.86%, compared to the same month in the previous year.
Due to the crisis in the country, the Central Bank has reduced the estimate of economic growth for this year from the range of 4.5% to 5%, to the range of 3% to 3.5%.
Ovidio Reyes, president of the Central Bank of Nicaragua (BCN), explained that "... the hardest and most regrettable thing about this is the generation of employment.We are expecting the loss of 58,300 new jobs as a result of the lower economic dynamics."
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