Private investment grew 5.8% in the fourth quarter of last year compared to the same period in 2023, exceeding the 3.9% growth of the previous quarter and marking the highest growth rate since the third quarter of 2021, the
Non-residential investment increased by 8.5% in the last quarter of 2024, in line with the 5.9% year-over-year growth in the volume of capital goods imports, excluding construction materials.
At the same time, this result was driven by non-mining non-residential investment (+11.9%), while residential investment saw a significant turnaround, going from nine consecutive quarters of decline to remaining almost unchanged in the last quarter of the year.
According to the BCR, residential investment registered a smaller decline than in previous quarters (from -5.6% in the third quarter to -0.1% in the fourth quarter), linked to the recovery of self-construction.
Furthermore, this result aligns with employment growth and is consistent with the reduction in food inflation, which has allowed for the reallocation of household income, the report concluded.
(END) NDP/JJN/JMP/MVB