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Costa Rica Economic Activity April 2024

Costa Rica: Economic activity grows at fastest pace in two years in April

Economic activity expanded 8.3% in year-on-year terms in April, which was above March’s 1.9% increase. The result marked the best reading since January 2022. April’s rise was mainly driven by a rebound in the construction sector and faster growth in the manufacturing sector.

Meanwhile, annual average economic activity growth rose to 5.4% in April (March: +5.1%), pointing to an improving trend. On a monthly basis, economic activity fell 1.3% in seasonally adjusted terms in April, contrasting March’s 2.2% expansion and marking the worst result since January 2021.

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