Costa Rica: Economic momentum gathers in November
January 10, 2020
Annual economic growth in cyclically-adjusted terms accelerated to 2.9% in November from 2.7% in October, representing a 16-month high. November’s improvement was due to stronger economic activity growth in the manufacturing, ICT and healthcare sectors.
In month-on-month terms adjusted for working days, economic activity rose 0.3% in November, down from October’s 0.4% increase. Annual average growth, meanwhile, accelerated to 1.8% in November from 1.7% in November, reaching a four-month high.
Author: Edward Gardner, Economist