Costa Rica: Economic activity growth gains steam in March
Latest reading: Economic activity increased 4.8% year on year in March (February: +4.4% yoy). The reading reflected a broad-based upturn, with activity in the agriculture, forestry and fishing, manufacturing and information and communication sub-sectors all improving in March.
As a result, annual average economic activity growth rose to 4.7% in March (February: +4.5%), pointing to an improving trend.
On a monthly basis, economic activity dropped 1.2% in seasonally adjusted terms in March, contrasting February’s 1.8% expansion and marking the worst result since May 2022.