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Costa Rica Economic Activity May 2023

Costa Rica: Economic activity grows at fastest pace in over one year in May

Economic activity grew 7.4% in annual terms in May, which followed April’s 3.7% increase. May’s print marked the best reading since March 2022. Looking at the details of the release, the manufacturing, construction and agricultural sectors picked up significant pace during the month. Moreover, the financial sector rebounded.

Meanwhile, annual average economic activity growth rose to 4.0% in May (April: +3.7%), pointing to an improving trend.

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