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Latin America Investment News on Viva Tropical

Nicaragua Shows Positive Growth, but Slower than Last Year

Article Summary:

Nicaragua’s economic activity is still positive, but at a slower pace than last year. According to the Central Bank of Nicaragua (BCN), growth is sustained mainly by mining, construction and livestock.

Photo Credit: Prensa Nicaragua

Original Article Text From Prensa Nicaragua via Google Translate :

Slower growth

Nicaragua’s economic activity is still positive growth, but at a slower pace than last year showed. According to the Central Bank of Nicaragua (BCN), growth is sustained mainly by mining, construction and livestock.

The Monthly Index of Economic Activity (IMAE) for January 2012 reveals that the accumulated growth was 5.8 percent, down from 7.3 percent reached in January 2011. However, the rate of growth, ie between January 2011 and January, stood at 9.2 percent.

As for the performance by sector, mining showed an average annual growth of 21.3 percent, which was positive though, is a slowdown compared to previous months.

But the NCB analyzes that dynamic remains positive driven by increased extraction of precious metal, “which as a result of technological upgrading and to explore new areas of exploitation has increased performance,” attracted by the high price of international prices mainly for gold.

AGRICULTURAL ACTIVITY CAE
But on the other end appears to agricultural activity recorded a zero, and a crash compared to January 2011, when it grew 5.6 percent.

According to the NCB in 2011 agriculture was hurt by weather that affected crops such as beans, at the time of apante and later at the time of season, in addition to the coffee year cycle low, which reduces the volume of production .

But this year the forecast is that there is a recovery, to expect an increase in coffee production, because the cycle corresponds to the season of high production, and agricultural growth in other areas, according to the strategic plan of national production.

Link to Original Article:

From Prensa Nicaragua

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