Costa Rica: Economic Activity Recovers

With the 2.9% year-on-year change reported in the IMAE in November 2019, the economy has accumulated six consecutive months of acceleration.

Monday, January 13, 2020

The country's production, measured through the Monthly Index of Economic Activity (IMAE), registered a 2.9% year-on-year growth in November, the highest since July 2018, reported the Central Bank of Costa Rica (BCCR).

The document states that "... Thus, national production accumulated six consecutive months of monthly acceleration (higher growth than the previous month), starting in June 2019. The annualized quarterly variation of the seasonally adjusted series (SD) has accelerated since August 2019 and reached 6.1% growth in November, the highest since December 2017.

In November 2019, most economic activities showed year-on-year variations higher than those recorded in the same month of the previous year. This translated into a one percentage point (p.p.) increase in the general indicator in comparison with the same month in 2018 when growth was 1.9%.

Communication and information services continue to have a strong growth (7.6%), mainly due to the higher demand of technological developments by companies and the growth in mobile telephony and internet services.

See full report (in Spanish).

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More on this topic

Guatemala: Economic Activity Grows at 3.4%

January 2020

Trade and vehicle repair were the activities that, during November 2019, explained the 3.4% year-on-year variation in the IMAE.

In November last year, the Monthly Index of Economic Activity (IMAE) slowed down for the second consecutive month, from 4.3% to 3.7% between September and October, and in the eleventh month it fell to 3.4%, reported the Bank of Guatemala.

Guatemala: Economic Activity Accelerates

July 2019

After economic activity in April reported a 2.8% year-on-year growth, in May the variation was 3.3%, mainly because of the behavior of commercial activity.

The document prepared by the Banco de Guatemala explains that "... The economic activity measured by the estimation of the IMAE in May 2019, showed a 3.3% growth rate (3.8% in May 2018).

Transport and Manufacturing Boost the Economy

May 2019

In Guatemala the economic activity reported the third month of the year a 2.7% year-on-year growth rate, mainly because of the behavior of the Transportation and Manufacturing Industries sector.

The 2.7% increase in economic activity reported by the Banco de Guatemala in the third month of the year, represents an acceleration since in February 2019 the variation was only 1.9%.

Dominican Republic: Economic Activity Up 7%

January 2018

Financial services and hotels, bars and restaurants were the sectors that most influenced the interannual variation of economic activity registered up to November 2017.

From a Report by the Central Bank of the Dominican Republic:

The Central Bank of the Dominican Republic wishes to inform economic agents and the general public that preliminary figures for the Monthly Indicator of Economic Activity (IMAE) show a year-on-year variation of 6.8% in the month of November, having previously registered 4.9% in October , which places accumulated growth of the January-November period at 4.2%, with respect to the same period in the previous year.

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