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Good Year for Nicaragua’s Economy

Article Summary:

Nicaragua continues to enjoy good economic activity which was supported by the expansion of the financial sector, strong construction figures along with the export of agricultural and industrial goods. The Monthly Index of Economic Activity (IMAE), which measures the monthly performance of 11 major sectors of the national economy grew by seven percent, compared to 4.7 in October 2010.

Photo Credit: La Prensa Nicaragua

Original Article Text From La Prensa Nicaragua via Google Translate :

Nicaraguan Economy Continues its Pace of Expansion

In October, Nicaragua’s economic activity remained buoyant supported by the fact that with the exception of the financial system, all sectors had growth.

The Monthly Index of Economic Activity (IMAE), which measures the monthly performance of 11 major sectors of the national economy grew by seven percent, compared to 4.7 in October 2010.

According to Central Bank of Nicaragua (BCN), this growth shows that the “boom remains robust.” Mining, construction and livestock are the activities that contributed to the expansion of IMAE.

Córdobas 3.015 million total net delivered to November the credit, a positive figure for the fifth month. For BCN external market conditions continued to favor the growing demand and high prices of agricultural and industrial products, as well as free zones, highlighting clothing and footwear.

Important is that construction activity continued in full recovery, highlighting both private and public buildings.

Link to Original Article:

From La Prensa Nicaragua

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