The economy of Nicaragua shrank 7.5 percent year-on-year in February 2019 from a 5.8 percent contraction in the previous month. Output fell further for manufacturing (-7.6 percent from -0.8 percent); construction (-18.7 percent from -12.3 percent); fishing (-22.5 percent from -18.7 percent); financial services (-21.1 percent from -11.7 percent); and other services (-2.0 percent from -1.2 percent). On the other hand, output advanced at a faster pace in utilities (10.8 percent from 4.3 percent); health (2.6 percent from 1.6 percent) and education (2.3 percent from 2.1 percent).
Leading Economic Index in Nicaragua averaged 3.38 percent from 2007 until 2019, reaching an all time high of 13.60 percent in January of 2012 and a record low of -12.80 percent in June of 2018. This page provides - Nicaragua Leading Economic Index- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Banco Central de Nicaragua
Leading Economic Index in Nicaragua is expected to be -6.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Nicaragua to stand at 0.50 in 12 months time. In the long-term, the Nicaragua Leading Economic Index is projected to trend around 2.40 percent in 2020, according to our econometric models.