Costa Rica: Growth in economic activity edges up in July
September 11, 2015
In July, economic activity expanded 2.1% over the same month last year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). July’s figure came in above June’s 1.8% rise and marked a third consecutive acceleration after the indicator decelerated for 12 months. In July, the largest gains were recorded for financial intermediation, financial series and insurances.
Compared to the previous month, economic activity expanded 0.33%, marginally up from the 0.30% increase recorded in June and marking the highest figure in 16 months. Meanwhile, annual average growth in economic activity fell from June’s 2.3% to 2.2%, the lowest rate since February 2010.
Author: Robert Hill, Economist