Costa Rica: Economic activity growth slows for fourth month running in November
January 11, 2022
Economic activity grew 9.8% terms in November, which followed October’s 10.5% increase and again marked the softest expansion since April. The reading was driven by broad-based slowdown across a number of sectors: Agriculture, forestry and fishing, construction, mining, transportation and manufacturing all lost pace in November.
On a monthly basis, economic activity grew 0.5% in calendar-adjusted terms in November, following October’s 0.4% increase. Meanwhile, the trend improved, with the annual average growth of economic activity coming in at plus 5.2%, up from September's 4.2% reading.
Author: Jonuel Pérez, Junior Economist