Private investment continued its upward trend that began in early 2024, registering 9% year-on-year growth in the second quarter of 2025, marking six consecutive quarters of expansion, the
"Private investment developed in a favorable business confidence environment, with three- and twelve-month expectations remaining in the optimistic range, at levels similar to the previous quarter," the BCR stated.
"Financial conditions continued to ease, reflected in lower active interest rates, especially for the corporate and large-enterprise segments, while imports of capital goods kept growing at double-digit rates," the issuing entity noted.
"By components, the period's performance was marked by double-digit growth in non-mining non-residential investment, as well as, for the second consecutive quarter, advances in residential investment and disbursements in the mining sector," it added.
The BCR indicated that non-residential investment rose 11%, driven by higher disbursements aimed at the expansion and renovation of installed capacity, in line with 13.6% year-on-year growth in imports of capital goods, excluding construction materials and mobile phones.
"This outcome was mainly driven by higher acquisitions of heavy machinery, cargo vehicles, and industrial equipment," it stated.
The issuing entity noted that in the residential sector investment continued to consolidate its recovery, rising from 2.8% to 3.2% growth, following last year's contraction.
"This rebound is largely explained by self-construction, in line with higher domestic cement consumption and an increase in mortgage loan placements, driven by lower interest rates and low delinquency levels," the BCR stated.
"Lower construction material prices also influenced, along with higher imports of these compared to the previous year. Additionally, increases in employment and real incomes in the formal labor market provided further support to household spending," it concluded.