Costa Rica: Economic activity accelerates in September
November 11, 2015
In September, economic activity expanded 2.6% over the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). September’s figure was slightly up from August’s 2.4% (previously reported: +2.2% year-on-year) reading and marked the fastest growth rate in nine months. In September, the largest gains were recorded in the service sector and construction.
Compared to the previous month, economic activity expanded 0.40%, which was marginally down from the 0.42% increase recorded in August (previously reported: 0.30%). Meanwhile, annual average growth in economic activity held at August’s 2.3% reading in September—the lowest rate since February 2010.