Costa Rica: Economic activity eases to 14-month low in July
September 11, 2014
In July, economic activity rose 3.4% 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 3.8% expansion recorded in June and marked the lowest growth since May 2013. Eight of the twelve components of the index registered deteriorations; financial intermediation, financial services and transportation tallied the fastest rates of expansion. Conversely, the manufacturing industry contracted.
Compared to the previous month, economic activity rose 0.21%, which was slightly up from the 0.19% expansion recorded in June. Meanwhile, annual average growth in economic activity inched down from June’s 4.3% to 4.2% in July.