Costa Rica: Smaller Drop in Economic Activity

In the month of April, IMAE reported a drop of 4.9%, which reflects less deceleration than that observed in the months of February and March.

Thursday, June 11, 2009

With the data from the month of April, there has now been seven months of negative growth.

Édgar Delgado in his article in Elfinancierocr.com writes: "Upon reviewing the figures from the economic sector, it is observed that the fall continues to be significant for hotels (-21.1%), the manufacturing industry (-13.6%), agriculture (-6.6%), construction (-5.8%), commerce (-5.5%) and electricity and water (-3.1%)."

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Economic Activity in Costa Rica Slows

January 2011

Economic activity measured by IMAE showed a slight increase in November 2010, growing at an annual rate of 1.9%.

Although, extending comparison periods shows a slowdown compared to the annual growth in July, August and September, when the indicator showed 4.3%, 4.1% and 3.1% respectively.

Costa Rica: Economic Slowdown Continues

August 2010

The Monthly Index of Economic Activity (IMAE) shows growth of 2.96% to June, the fourth consecutive month in which year-on-year growth has slowed.

From the maximum year-on-year rate of 6.09% reached in February, the pace of Costa Rica's growth has slipped by around 51.4% to 2.96% in June, completing a somewhat bleak quarter.

Costa Rica: Economic Activity Keeps Falling

June 2010

The monthly economic activity index, known for its Spanish initials as IMAE, keeps trending down.

On April, the index recorded a year-on-year change of 4.13%, lower than in march (5.83%). This marks three consecutive months of decreases.

So far, the observed economic cycle seems to be normal: a “rebound stage”, marked by fast growth, which then normalizes and stabilizes, reaching long term sustainability.

Economic activity declines 0.5% in Costa Rica

January 2009

The latest results of the Monthly Index of Economic Activity as of November 2008 indicates a variation of -0.5% in the last 12 months.

According to nacion.com "this is the first drop in the interannual variation (for each month compared to the same month in the previous year) for the Index since July 2001.

ok