The Central Bank of Nicaragua released the Monthly Economic Activity Index (IMAE) for November 2025, reporting a 4.6% increase versus November 2024 and 4.9% growth both for the January–November cumulative period and the annual average variation. In the seasonally adjusted IMAE series, activity rose 0.7% from the previous month and 5.2% year on year, while the trend-cycle series increased 0.2% versus October 2025 and 5.4% year on year. The strongest annual expansions were in manufacturing (13.9%), hotels and restaurants (10.1%), construction (9.9%), trade (8.3%), livestock (7.4%) and mining and quarrying (5.6%), while declines were recorded in fishing and aquaculture (-4.6%), public administration and defence (-2.8%), forestry and logging (-1.9%) and agriculture (-1.7%). Sector drivers cited included higher gold and silver extraction for mining, increased cattle and poultry slaughter for livestock, lower farmed shrimp output and reduced fish catches for fishing, and weaker cultivation activity and lower production of beans, maize, sorghum and peanuts in agriculture; manufacturing gains reflected higher output of petroleum derivatives, sugar, meat products and automotive wiring harnesses.
Central Bank of Nicaragua 2026-01-27
Central Bank of Nicaragua publishes November 2025 Monthly Economic Activity Index showing 4.6% year-on-year growth
The Central Bank of Nicaragua reported a 4.6% increase in the Monthly Economic Activity Index (IMAE) for November 2025 compared to the previous year, with notable growth in manufacturing, hotels and restaurants, and construction, while declines were observed in fishing, public administration, forestry, and agriculture. Key drivers included increased gold and silver extraction, higher livestock slaughter, and manufacturing gains in petroleum derivatives and automotive wiring harnesses.