Costa Rica: Industry and Construction sectors with big contraction

Industry and Construction are two of the sectors that have suffered the greatest contraction this year.

Monday, December 15, 2008

Industry when from a growth of 8% in October last year to a decrease of almost 5% in October of this year. Construction went from a rate of almost 18% to 5% during the same period.

The country's production grew by only 1.14%. In January the Central Bank will publish a new growth projection for the country's economy in 2009.

More on this topic

Costa Rica: Economic Activity Could be Better

December 2010

The Monthly Economic Activity Index, which reflects the performance of the economy, showed minimal growth during October.

Its value from the previous month increased 0.07 percentage points. In turn, the annual change (October 2009 - October 2010) shows the weakest growth this year, 2.9%.

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.

Guatemala: Construction Industry Improves

October 2009

In August, the sector reported the softest year over year drop so far 2009: 9.4% when compared to August 2008.

The Monthly Construction Economic Activity Index (Imacon), prepared by the Construction Chamber (CGC), shows that the sector's decline is slowing down, after dropping 26.1% in May.

6.000 jobs lost in industrial and construction sectors in Costa Rica

January 2009

By November 2008 the industrial reported 1.200 less workers than October 2008, and 4.800 less in construction.

Nacion.com reports: "The employment contraction coincides with the slowdown in the production and the 0.5% fall registered in November 2008 compared to November 2007, according to the monthly index of economic activity.

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