The BCN's report states:
Up to the third quarter of 2011, private construction recorded accelerated growth for the third consecutive time, the annual average going up by 28.8 percent (19.9% the previous quarter).This was the result of the dynamism observed in residential, service and trade buildings, while industrial buildings showed a lower rate of contraction from the previous quarter.
Residential buildings showed a significant growth of 39.3 percent (29.4% in the second quarter of 2011), which meant a contribution of 28.4 percentage points to growth in activity. Likewise, works on trade and services buildings registered increases of 21.6 and 3.5 percent respectively (55.9% and -14.3% the previous quarter), making together 1.8 percentage points.
Industrial projects contracted by 30.6 percent (-38.6% the previous quarter), which resulted in a marginal negative contribution of 1.4 percentage points.
Source: Central Bank of Nicaragua
More on this topic
May 2008
The latest official data point to a mild slowdown in Costa Rica's economic growth.
The Monthly Index of Economic Activity in March (the last month for which information is available) was 6.5 percent, down from 6.8% in the same month last year.
The central bank's preliminary figures for the first quarter provide mixed signals on the near-term development of the economy.
January 2012
A monthly report has been released giving the main indicators of the national economy: inflation, oil, IMAE, external sector, exports, foreign exchange, tax revenue.
The Consumer Price Index (CPI) registered an annual variation of 6.20% in December 2011, 0.81 percentage points higher than in the previous year (5.39%). In December 2011 the CPI showed a monthly variation of 0.22%, 0.14 percentage points higher than in the
November 2011
In August 2011 the construction sector registered growth of 17% compared to the same month in 2010.
Luis Aquino, Managing Director of Economics Studies and Statistics at BCR, said that the dynamism the sector is reporting comes mainly from public works projects such as the Road Maintenance Fund (Fovial) and ‘Casa Para Todos’ (Houses For Everyone).
August 2011
The monthly index of economic activity shows that both sectors grew by 16% and 7% in June, respectively.
The extraction of metal products such as gold and silver, in the case of mining, and increased consumption in restaurants, in the case of services, are the factors contributing to much of the dynamism of these economic activities.
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