Costa Rica: Economic activity decelerates slightly in March
May 12, 2014
In March, economic activity increased 3.3% over the same month last year according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure was down slightly from the 3.4% expansion recorded in February. Although nine of the twelve components of the index registered improvements, a drop in transport, storage and communications as well as in other business services drove the slight deceleration. The financial intermediation services category as well as the financial services and insurance categories recorded the largest rates of expansion.
Compared to the previous month, economic activity rose 0.28%, which was slightly lower than the 0.31% expansion recorded in February. Meanwhile, annual average growth in economic activity rose from February’s 3.6% to 3.7% in March, which marked the highest rate in the past 12 months.