Costa Rica Economic Activity February 2018

Costa Rica

Costa Rica: Economic activity decelerates in February

April 10, 2018

In February, year-on-year growth in economic activity decelerated to 3.0% from a 3.1% expansion in January, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Económica) published by the Central Bank of Costa Rica (BCCR) on 10 April.

February’s weaker result was driven by a slower expansion in transportation and storage activity compared to January, alongside weaker growth in the activity groups of professional services, finance and insurance, and mining and quarrying. There was also a contraction in construction activity in February.

In month-on-month terms, the growth rate in economic activity decelerated to 0.14% in February from 0.19% in January. Meanwhile, year-on-year average growth remained steady at January’s 2.9% in February.

The BCCR expects the economy to expand 3.6% in 2018 and 3.9% in 2019. FocusEconomics Consensus Forecast panelists expect GDP growth to reach 3.5% in 2018, which is down 0.1 percentage points from last month’s forecast. In 2019, our panelists expect GDP growth to come in at 3.7%.


Author:, Economist

Sample Report

Looking for forecasts related to Economic Activity in Costa Rica? Download a sample report now.

Download

Costa Rica Economic Activity Chart


Costa Rica Economic Activity February 2018 0

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Costa Rica Central Bank (BCCR).


Costa Rica Economic News

More news

Search form