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Nicaragua registered economic growth in May

Managua, July 22 (Prensa Latina) The Central Bank of Nicaragua (BCN) presented the results of the Monthly Index of Economic Activity (IMAE) for May of this year, recording a growth of 3,3% year-over-year.

According to the financial institution, the accumulated variation for the January-May period was 2,9%, and the average annual growth was 2,4%.

In the seasonally adjusted IMAE series, growth of 0,4% was observed compared to the previous month and 3,4% compared to May 2024.

Likewise, in the IMAE’s trend-cycle series, growth of 0,6% was recorded compared to December 2024 and 4,1% compared to December of last year.

The BCN specified that the activities with the greatest growth were mining and quarrying (19,6%); commerce (13,4%); hotels and restaurants (6,2%); manufacturing (5,3%); transportation and communications (4,9%); and financial intermediation and related services (4,4%), among others.

According to the report, decreases were recorded in fishing and aquaculture (-37,9%); energy and water (-16,0%); and public administration and defense (-3,3%).

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