Costa Rica: Growth in economic activity decelerates slightly in September
November 14, 2016
In September, economic activity slowed slightly to a 4.4% increase from the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). September’s figure was below the 4.5% increase recorded in August. In September, the strongest improvements were recorded in the services sector, with the financial sector making the most significant contribution to growth. The manufacturing and information and communication sectors also picked up in September.
Compared to the previous month, economic activity expanded 0.40% in September, above the 0.27% increase recorded in August. Meanwhile, the overall trend improved as annual average growth in economic activity rose from 4.3% in August to 4.5% in September.
Author: Andrea Vetrugno, Economist