El Salvador: Economic Situation - July 2015

External demand remains the main factor behind the pace of economic growth, with exports growing at 6.7% and a 2.1% reduction in imports up to July 2015.

From the "Monthly Economic Report - July 2015," by the Central Bank:

The Nowcast outcome indicator, updated with the information available as of September 2, 2015, continues to show favorable results for the Salvadoran economy, forecasting a growth rate of 2.6% for 2015. Similarly, another estimation tool used by the BCR also reflects sustained improvements in 9 out of 17 economic variables. 

The indicators for the economic situation up to July 2015 correspond to the trend reflected in the estimates. Indicators of aggregate demand recorded July 2015 as the main driver of the growing external demand, while domestic growth remains good. Exports grew by 6.7% in July 2015, while imports fell by 2.1%. Among foreign sales increased manufacturing sales stood out, having grown by 7.0%. Consequently, the trade deficit has reduced in light of increased exports and decreased imports; the latter associated with the reduction in billings for imported petroleum. 

Read the full report (spanish).