Costa Rica's economy slows down

Production continued to slow down in September affecting company sales, new hires and employment.

Wednesday, November 12, 2008

In September the monthly index of economic activity, which reflects variations in the physical number of goods and services produced in the country, barely increased 1.8%, as compared to September of last year.

This is the smallest increase since February 2002 and reinforces this downward trend.

More on this topic

Costa Rica: Inflation Not Caused by Growth

November 2010

The variation of IMAE in September was 3.08%, highlighting the slowdown trend observed since February.

February was the month which recorded the highest figure of the year: 6.30%.

However, this indicator has been declining significantly and is converging to the values observed (3.08%) since June of this year, indicating a significant stabilization.

Costa Rica's Economic Activity Slows Down

March 2013

In January 2013 the Monthly Indicator of Economic Activity recorded a variation of 3.3%, whereas last year it was 7.2%.

Monthly Indicator of Economic Activity (MIEA) published by the Central Bank of Costa Rica:

The country's economic activity, as measured by the cycle of the Monthly Indicator of Economic Activity (MIEA), showed a variation of 3.3% in January 2013, lower than a year earlier when production grew by 7.2% .

Economy slows down in Costa Rica

October 2008

The growth of the Costa Rica economy slowed in August to 3% in relation to the same period in 2007.

The Monthly Index of Economic Activity (IMAE), which measures the total production of goods and services, shows that the economy of Costa Rica continues to grow, but at a rhythm below the 8% with which it began the year, the Central Bank indicated.

Costa Rican Economy Slows Down

October 2012

In July the Monthly Economic Activity Index showed an annual variation of 3.2%, confirming predictions of a slowdown in the second half of 2012.

Elfinancierocr.com reports that "The Monthly Economic Activity Index (MIEA) showed a variation of the internanual cyclical trend of 3.2% last July, which reveals a brake on the growth of the national economy, and even includes a figure much lower than expected for the end of the year by the Central Bank (4.8%). "

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