The Index of Economic Activity is published by the Central Bank of Costa Rica and measures the monthly evolution in the country's production.
According to an article published in elfinancierocr.com, the most affected sectors were manufacturing and hotels: "The manufacturing industry fell by 17.5% while hotels fell by 8.9%. They were followed by farming with a 4% decrease and commerce with a 1.7% decrease. On the other side, the sectors that maintained a robust growth were business services (11%) and financial services (5.4%)."
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.
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%)."