Costa Rica Economic Activity February 2020

Costa Rica

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.

FocusEconomics Consensus Forecast panelists expect economic growth of 2.5% in 2020, which is unchanged from last month’s forecast, and 2.8% in 2021.

Author:, Economist

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Costa Rica Economic Activity Chart

Costa Rica Economic Activity February 20 20

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Costa Rica Central Bank (BCCR).

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