Costa Rica: Economic growth holds steady in January
Annual economic growth in cyclically-adjusted terms held steady at 2.5% in January, unchanged from December’s downwardly revised reading (previously reported: +2.8% year-on-year).
January’s result was in part due to a slight acceleration in activity growth in the agriculture sector, which was offset by a heavier decline in the construction sector.
In month-on-month terms adjusted for working days, economic activity rose 0.2% in January, as it did in December. Annual average growth, meanwhile, remained unchanged at 1.9% in January.