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Costa Rica Economic Activity August 2023

Costa Rica: Economic activity growth gains steam in August

Economic activity grew 7.0% year on year in August (July: +5.4% ). The improvement was chiefly driven by a marked acceleration in manufacturing output growth. That said, the agriculture, forestry and fishing sector contracted in August.

Meanwhile, annual average economic activity growth rose to 5.1% in August (July: +4.8%), pointing to an improving trend.

On a monthly basis, economic activity increased 1.1% in seasonally adjusted terms in August, which was better than July’s flat reading.

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