Costa Rica: Decline in economic activity softens notably in December
Economic activity slid 4.7% year-on-year in December (November: -5.3%). The print marked the best result since the outbreak of the pandemic in February.
December’s result reflected a broad-based upturn, with activity in the agriculture, forestry and fishing, manufacturing and construction sub-sectors all improving in December.
In month-on-month terms adjusted for working days, economic activity grew 0.6% in December for the second consecutive month, matching November’s growth rate. Meanwhile, annual average growth worsened, coming in at minus 4.9% in December, down from November’s minus 4.3% reading.