Nicaragua Appliance Imports Down 10%

Between January and September of this year, imports of durable consumer goods such as televisions, washing machines, refrigerators and telephones dropped by 10% compared to the same period in 2016.

The economist Adolfo Acevedo considers that there are inconsistencies between the accelerated goals of the Government’s economic growth. LA PRENSA/THINSTOCK

Figures from the Nicaragua Central Bank (Banco Central de Nicaragua) show that in the first nine months of the year purchases of televisions abroad went down by 53% compared to the same period in 2016. The case of washing machines is similar, with imports of these items going down 46% in the same period.

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See also: “Central America: Imports of Household Appliances Down 7%”

Purchases of telephones abroad fell 32%, while imports of refrigerators fell 38%. See foreign trade report by the Central Bank.

Laprensa.com.ni reports that “…Economists fear that the lesser demand for these items at the local level is because people have reached their limit in terms of debt or because the improvement in purchasing capacity this year has not been substantial.”

Source: laprensa.com.ni

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