The Central Bank of Nicaragua published results for the Monthly Index of Economic Activity (IMAE) for January 2025, showing a 3.4% year-on-year increase in the original series and 3.3% in the average annual variation. In the seasonally adjusted series, the IMAE fell 2.2% versus the previous month but rose 3.8% versus January 2024, while the trend-cycle series increased 0.6% compared with December 2024 and 3.7% year on year. In the original series, the largest increases were recorded in hotels and restaurants (9.4%), construction (7.4%), financial intermediation and related services (6.1%), trade (5.7%), transport and communications (5.3%), agriculture (4.8%) and manufacturing (4.4%). Declines were reported in fishing and aquaculture (-40.8%) and energy and water (-6.0%). The central bank linked primary-sector performance to higher coffee and sugar cane activity in agriculture, higher poultry slaughter and greater milk and egg production in livestock, and increased extraction of gold and non-metallic mining products, while weaker fishing and aquaculture reflected lower farmed shrimp and finfish catches and forestry fell due to lower log and firewood extraction. Manufacturing growth was driven mainly by higher output of meat products, sugar, beverages, textiles and petroleum derivatives, alongside declines in tobacco and non-metallic products.
Central Bank of Nicaragua 2025-04-07
Central Bank of Nicaragua reports January 2025 Monthly Index of Economic Activity up 3.4% year on year
The Central Bank of Nicaragua reported a 3.4% year-on-year increase in the Monthly Index of Economic Activity (IMAE) for January 2025, with a 3.3% rise in the average annual variation. The seasonally adjusted series showed a 2.2% monthly decline but a 3.8% increase compared to January 2024. Notable growth was seen in hotels and restaurants, construction, and financial services, while fishing and aquaculture experienced significant declines.