Costa Rica: Economic Activity Still Slowing Down

For the sixth consecutive month, production grew at a slower pace than the previous month.

Wednesday, October 13, 2010

A Central Bank report reveals that in December 2009 the country regained levels of pre-crisis production, but since then it has struggled to grow.

Hotels and construction, two sectors affected by the crisis, still have not recovered: the growth of the hotel industry rose from 18% in April 2009 to 5% in April 2010, but has since slowed to 1.6%. Meanwhile, the construction sector, continues to show negative growth.

More on this topic

Costa Rica: Economic Activity Slows Down

November 2017

The contraction of 12% in construction destined for private use explains most of the deceleration seen in the economic activity index between July and September of this year.

From a report by the Central Bank of Costa Rica:

The trend cycle series of the Monthly Index of Economic Activity (IMAE) had an interannual variation of 2.7% in September 2017, which led to an average growth for the first nine months of the year, of 3.6%. [GRAFICA caption = "Click to interact with graphics"]

Costa Rica: Industry Still in Doldrums

June 2013

The manufacturing sector has accumulated three months of negative interannual variations, which is consistent with the lack of optimism expressed by some businessmen.

From a report on 'Pulso Bursátil', the blog by Aldesa:

After adjustment in the data on economic from the Central Bank, what has emerged is the state of economic downturn being suffered by the country's industrial sector, which has accumulated three months of negative interannual variations, and which in some ways is more consistent with consumer and business confidence levels, which show little optimism.

Costa Rica: Construction and Services Sectors Boost Economy

October 2011

In August national economic activity, as measured by the IMAE, showed the smallest monthly increase since May last year, barely increasing by 0.7% on an annualized basis.

According to analysis by Aldesa:

Between August 2010 and September of this year, activity advanced at a rate of 3.7% and the average variation was 3.7% lower for the tenth consecutive month.

Costa Rica: Economy Shows Recovery Signs

December 2009

In October, economic activity grew 1.36% when compared to the same period of 2008.

It is the first growth signal recorded in the past 11 months, according to Central Bank data.

"The bank also reviewed September figures, which were corrected from -0.1% to +0.37%", explained "However, Elvia Campos, who is in charge of constructing the index, explained that the increase in production is not generalized".

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