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According to the Monthly Economic Activity Index (IVAE), developed by the Central Bank of El Salvador, retail was the single worst performing economic sector during 2009.
The bank remarked that several sectors recovered during March 2010, including commerce, finance, manufacture and agriculture. As a result, the IVAE index marked its first positive increase (0.8%) since July 2008.
“Jorge Hasbún, president of the Commerce Committee at the Chamber of Industry and Commerce of El Salvador, acknowledged that a recovery is underway, if comparing to last year’s levels. ‘The situation is not as worse as it was. In general, there is more movement, this is good, we have certainly halted the freefall, but we are not growing yet”, reported Elsalvador.com.
Source: elsalvador.com
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October 2008
Economic activity showed a moderate growth in comparison to 2007 economic indicators.
The Index of the Volume of Economic Activity (IVAE) went up 1.97% from July 2007 to July 2008. The previous value, for July 2006 - 2007, had increased 5.19%.
This percentage serves to illustrate the tendency that the Gross Domestic Product (GDP), even though the annual growth is still not defined.
March 2010
In El Salvador, many argue if Congress should establish the basic rate of fixed telephony.
An article in Elsalvador.com remarks that "economic analysts and representatives of the private sector argue that lawmakers shouldn't regulate prices, as they intend to do with a decree to lower the basic fee for fixed telephony.
February 2009
This is the second most affected sector of the crisis in 2008, behind construction, which fell for the second consecutive year.
Patricia Palma writes in Elsalvador.com: According to Mario Magaña, director of economic matters for the Chamber, the downward trend can continue being observed in the collection of taxes. "For example, the payment account of many business, that is 2% on sales, has been declining month to month.
December 2007
Publication of the Central Reserve Bank of El Salvador (BCR)
Economic Indicators: Population, National Accounts, Consumer Price Index, Wholesale Price Index, Foreign Trade, Balance of Payments, External Debt, Public. Finances, Total Public Debt and others Economic Indicators
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