Economic activity declines 0.5% in Costa Rica

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.

Tuesday, January 13, 2009

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.

The interannual variation allows for changes in short term production to be observed.

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 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.

Production drops in Costa Rica

August 2008

Production barely grew by 2.6% in comparison to the same month last year, the Central Bank indicated yesterday.

This is the lowest interannual growth (for each month in comparison to the same month in the previous year) that has been recorded since March 2002; this confirms a slow-down that started last year.

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