In September, economic activity increased 3.1% over the same month last year, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading was broadly in line with the revised 3.2% expansion observed in August (previously reported: +3.3% year-on-year) and reflected contractions in the manufacturing and construction sectors, which helped to offset improvements in the commerce and hotels sectors. A month-on-month comparison suggests that the recovery is losing momentum. Economic activity rose just 0.32% in seasonally adjusted terms over the previous month, which was down from the 0.35% expansion recorded in August. Based on monthly figures, in the third quarter, the economy expanded 3.2% over the same period last year, which represents a slowdown compared to GDP growth of 3.7% recorded in the second quarter. Nonetheless, the trend continues to point upwards, as the annual average growth in economic activity rose from 4.2% in August to 4.4% in September, the highest level since October 2008. The Central Bank projects the economy to expand 4.0% this year and 3.9% in 2011.
Costa Rica Economic Activity
Economic activity remains virtually unchanged in September
November 12, 2010
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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.