Costa Rica: Economic activity decelerates slightly in June
August 12, 2014
In June, economic activity rose 4.1% over the same month last year according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure came in below the 4.4% expansion recorded in May. Seven of the twelve components of the index registered improvements; mining and quarrying as well as construction tallied the fastest rates of expansion. Conversely, the manufacturing industry contracted at the fastest pace among all of the components.
Compared to the previous month, economic activity rose 0.31%, which was slightly down from the 0.34% expansion recorded in May. Meanwhile, annual average growth in economic activity remained stable at May’s 4.3%, which continued to mark the highest growth rate in the past 17 months.