In December, economic activity increased 2.3% over the same month the year before, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading was below the revised 2.6% expansion observed in November (previously reported: +2.7% year-on-year) and reflected a deeper contraction in the manufacturing sector (November: -1.6% yoy; December: -2.5% yoy) as well as a drop in construction, partially offsetting growth in the commerce, hotels and transport sectors. On a monthly basis, economic activity rose 0.28% in December in seasonally adjusted terms, above the 0.18% expansion recorded in November. However, the trend continues to point downwards, with annual average economic growth moderating from 4.7% in November to 4.4% in December. The Central Bank estimates the economy to expand 4.3% this year and 4.5% next year.
Costa Rica Economic Activity
Economic activity decelerates further in December
February 11, 2011
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Costa Rica Economic News
October 12, 2016
In August, economic activity slowed down slightly to a 4.5% increase from the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica).
October 10, 2016
Consumer prices fell 0.47% in September from the previous month, which contrasted August’s 0.03% increase and marked the lowest reading since March 2016.
October 3, 2016
In the second quarter of 2016, GDP expanded 4.1% over the same period last year.
September 12, 2016
In July, economic activity slowed down slightly to a 5.1% increase over the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica).
September 7, 2016
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