Costa Rica: Industrial Sector to Grow 4% in 2018

The union of industrialists estimates that next year the GDP of the manufacturing industry will increase by around 4%, and formal employment of the sector could grow no more than 2%.

Tuesday, December 19, 2017

From a statement issued by the Chamber of Industries of Costa Rica:

In 2017 the sector grew slightly in terms of production and exports. But growth remains concentrated in the free zone regime and employment grew very little. 

The outlook for 2018 in the manufacturing sector is that it will have growth similar to that of 2017.  Dynamism of companies in the medical device sector is expected to continue.

Likewise, a moderate performance of the activities outside of Special Regimes is expected, with a higher inflation and an increase in interest rates that could affect domestic demand.

See full press release (in Spanish).

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After several months of being on the decline, in July the Monthly Manufacturing Activity Index registered a year-on-year increase of 12%, explained by the increase in sales volume.

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Partially explained by an increase in the inventory of raw materials, in September, the Monthly Manufacturing Activity Index in the Dominican Republic registered a 17% increase with respect to the same month in 2017.

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Due to an increase in production and sales, in August of this year the Monthly Index of Manufacturing Activity registered an increase of 15% with respect to the same month in 2017.

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Panama: Industrial Outlook for 2016

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The union of industrialists projects that the economy will grow by 6% this year and has raised concern over the fall in manufacturing activity.

From a statement issued by the Union of Industrialists in Panama:

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