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Costa Rica Economic Activity February 2024

Costa Rica: Economic activity growth accelerates in February

Economic activity expanded 4.4% in year-on-year terms in February, which was above January’s 3.9% increase. Looking at the details of the release, the manufacturing sector gathered steam. Moreover, the information and communication sector expanded at a faster pace. On the flip side, the agriculture, forestry and fishing sector softened in February.

Meanwhile, annual average economic activity growth fell to 5.2% in February (January: +5.3%), pointing to a slightly worsening trend. On a seasonally adjusted monthly basis, economic activity rose at a quicker rate of 0.7% in February (January: +0.1% mom).

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