Costa Rica: Economic activity growth accelerates slightly in February
April 8, 2020
Annual economic growth in cyclically-adjusted terms accelerated mildly to 2.7% in February from the revised 2.6% reading in January (previously reported: +2.5% year-on-year).
February’s result was supported by healthy growth in the manufacturing sector and information and communication technology sector. However, another heavy decline in construction activity weighed on the overall outcome.
In month-on-month terms adjusted for working days, economic activity rose 0.2% in February, as it did in January. Annual average growth, meanwhile, ticked up to 2.0% in February from 1.9% in January.
Author: Edward Gardner, Economist