Costa Rica: Economic activity growth slows for fourth month running in December
Momentum seemingly continued to moderate in December, after economic activity grew 9.8% in annual terms, slowing from November’s 10.3% print and marking the lowest outturn in eight months. December’s figure was due to a broad-based slowdown across a number of sectors: Agriculture, forestry and fishing, construction, mining, transportation and manufacturing all lost pace compared to the previous month.
On a monthly basis, economic activity grew 0.6% in calendar-adjusted terms in December, following November’s 0.5% increase. Meanwhile, the trend improved, with the annual average growth of economic activity coming in at plus 8.3%, up from the previous month’s 7.2% reading.