In August, economic activity increased 3.3% over the same month last year, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading represented a deceleration compared to the revised 3.6% expansion observed in July (previously reported: +3.9% year-on-year). The main driver behind the monthly slowdown was a deceleration in manufacturing, agriculture and hotels sector. A month-on-month comparison, however, does not corroborate the notion that the recovery is losing steam, as economic activity rose 0.33% over the previous month in seasonally adjusted terms, which was slightly up from the 0.31% expansion recorded in July. Furthermore, the trend continues to point upwards, as the annual average growth in economic activity rose from 4.0% in July to 4.3%, 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 moderates in August
October 13, 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.