Nicaragua: Textile Exports Grows 14%

©image: Très Bien Shop

Businessmen rated the recovery as "moderate", because they haven't reached 2008 levels, when the sector made $554 millions in the first seven months of the year.

This recovery was similar in the rest of Central America: El Salvador reported a 21.1% increase, Honduras 13.8%, and Guatemala 8.8%. Costa Rica was the exception, as exports decreased 16.6%.

"The Nicaraguan textile sector reported that they are optimistic about this recovery, but are still alert, as they face another potential economy recession in the United States and damages in cotton plantations caused by floods in Pakistan, India and Bangladesh".

Source: laprensa.com.ni

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