In November, economic activity increased 2.7% over the same month last year, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading was below the revised 3.2% expansion observed in October (previously reported: +2.9% year-on-year) and reflected contractions in the manufacturing and construction sectors, which were partially offset by growth in the commerce and hotels sectors. On a monthly basis, economic activity inched up a paltry 0.16% in November in seasonally adjusted terms, which mirrored the expansion recorded in October. Moreover, the trend is beginning to point downwards, with annual average economic growth moderating from 4.8% in October to 4.6% in November, breaking the upward trend observed since October 2009.
Costa Rica Economic Activity
Economic activity decelerates in November
January 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
Consumer prices increased 0.03% over the previous month in August, which was a significant slowdown compared to July’s 0.93% increase.