The activities with the highest growth were: mining and quarrying, 24.5%, commerce, 6.2%, fishing and aquaculture, 5.6%, construction, 2.4%, and manufacturing industry, 2.3%, among others, informed the Central Bank of Nicaragua
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On the other hand, the activities that showed the most significant decreases were: hotels and restaurants, -22.4%, and financial intermediation and related services, -7.7%, among others, highlights the official report
The document adds that "... in primary activities, growth was recorded in fishing and aquaculture, mining and quarrying, and agriculture, and decreases in forestry and timber extraction and livestock.In the manufacturing industry, there was growth in the manufacture of textiles, tobacco products, petroleum and non-metallic products, among others. In services, growth was observed in commerce, education, public administration and defense, home ownership and health; and decreases in hotels and restaurants, financial intermediation and related services, other services, energy and water, among others.
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Nicaragua: Economic Activity Falls by 6%
At the beginning of 2019, the Monthly Index of Economic Activity registered a 6% decrease with respect to January 2018, mainly because of the behavior of the Hotels and Restaurants and Commerce sectors.
During January 2019, in the original series, the activities with the greatest growth were livestock, 6.5%, energy and water, 4.3%, agriculture, 3.4%, forestry and wood extraction, 3.4%, education, 2.1%, and health, 1.6%, reported the Central Bank of Nicaragua (BCN).