Costa Rica: Economic activity slows down slightly in May
July 11, 2014
In May, economic activity increased 4.4% over the same month last year according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure came in slightly below the 4.5% expansion recorded in April. Five of the twelve components of the index registered improvements; mining and quarrying as well as commerce recorded the largest rates of expansion. Conversely, the manufacturing industry contracted at the fastest pace among all components.
Compared to the previous month, economic activity rose 0.33%, which was down from the 0.40% expansion recorded in April. Meanwhile, annual average growth in economic activity rose from April’s 4.1% to 4.2% in May, which marked the highest growth rate in the past 16 months.