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Costa Rica Economic Activity February 2023

Costa Rica: Economic activity growth rises in February

Economic activity increased 6.1% in annual terms in February, which was above January’s 5.1% increase. The print marked the best reading since March 2022. Looking at the details of the release, the agriculture, forestry and fishing sector swung to contraction in February, while the manufacturing sector gained steam. Moreover, the transport sector grew at a quicker pace.

Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 4.1%, down from January’s 4.2% reading.

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