Costa Rica: Economic growth remains steady in September
November 11, 2011
In September, economic activity expanded 4.1% over the same month the year before, according to the monthly index of economic activity (IMAE, indice Mensual de Actividad Economica). The reading was unchanged from the revised 4.1% expansion observed in August (previously reported: +3.7% year-on-year). The expansion reflected resilient growth in the transport and construction sectors. On a monthly basis, economic activity rose 0.38% in seasonally adjusted terms, which was above the 0.28% expansion recorded in August. However, the trend remained unchanged, as annual average economic growth remained at August's 3.8% pace. In the July revision to its Macroeconomic Programme 2011-12, the Central Bank sees the economy expanding 4.5% this year, and 4.7% in 2012.