In February, economic activity increased 2.9% over the same month the year before, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading was above the 2.7% expansion observed in January and reflected an improvement in the manufacturing sector (February: -0.2% year-on-year; January: -1.0% yoy) as well as a faster growth in hotels and transport sectors. On a monthly basis, economic activity rose 0.40% in February in seasonally adjusted terms, virtually unchanged from the 0.42% expansion recorded in January. However, the trend continues to point downwards, with annual average economic growth moderating from 4.2% in January to 3.9% in February. The Central Bank estimates the economy to expand 4.3% this year and 4.5% next year.
Costa Rica Economic Activity
Economic activity remains strong in February
April 12, 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.