Costa Rica: Economic activity stabilizes in January
March 14, 2013
In January, economic activity increased 3.3% over the same month the previous year, according to the monthly index of economic activity (IMAE, Indice Mensual de Actividad Economica). The figure matched the revised increase in December (previously reported: +3.0% year-on-year). The expansion was mostly driven by growth in the manufacturing sector.
Compared to the previous month, economic activity added 0.53% in seasonally adjusted terms, below the 0.70% increase recorded in December.
According to the first draft of the Macroeconomic Programme 2013-2014, the Central Bank sees the economy expanding between 3.75% and 4.25% this year. FocusEconomics Consensus Forecast panellists see growth at 4.0% this year, which is down 0.1 percentage points from last month's projection. For 2014, participants see economic growth at 4.5%.