Costa Rica: Economic activity growth improves slightly in December
February 11, 2015
In December, economic activity rose 3.7% over the same month of the previous year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure came in slightly above the 3.6% expansion recorded in November and marked the largest growth rate since June 2014. Seven of the 12 components of the index recorded lower growth rates than in the previous month. Financial intermediation, transport and communications recorded the largest gains. Conversely, the agriculture, forestry and fishing industry contracted and the electricity and water sector expanded at the slowest pace of all industries.
Compared to the previous month, economic activity expanded 0.09%, coming in below the 0.15% expansion recorded in November. Meanwhile, annual average growth in economic activity remained at November’s 3.5%, the lowest rate in 17 months.