Costa Rican Economy: Signs of Recovery

For the authorities of the Central Bank, the economy begins to show signs of recovery, because for four consecutive months the economic activity has registered a positive performance.

Wednesday, November 13, 2019

In June of this year, the Monthly Economic Activity Index (IMAE) began to show signs of recovery, recording a 1.2% year-on-year increase. In July and August, positive variations continued, with 1.4% and 1.7% increases reported, respectively.

According to the most recent report of the Central Bank (BCCR), in September the IMAE grew 2% year-on-year, mainly explained by the performance of the special regimes manufacturing sector.

Rodrigo Cubero, president of the BCCR, told Nacion.com that "... the improvement in the IMAE occurred because of a combination of factors including the increase in production in the agricultural sector and manufacturing. The dynamism of the export sector also contributed, mainly from companies located in free trade zones, and an increase in the import of goods for production and final consumption."

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Cubero added that "... There are four consecutive months of recovery in the economic activity index in Costa Rica, suggesting that it has begun to recover. We have sectors showing very low or even negative growth, in clear recovery."

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Costa Rica: Economic Activity Grows 2.5%

December 2019

During October 2019, a 2.5% year-on-year variation was reported in the IMAE, a rise that is explained by the behavior of manufacturing activity and the service sector.

According to the report of the Central Bank of Costa Rica (BCCR), with the rise reported in the tenth month of the year, the Monthly Index of Economic Activity (IMAE) showed signs of recovery for the fifth consecutive month.

Economic Activity Keeps Accelerating

November 2019

After year-on-year variations of 1.4% and 1.6%, respectively, will be reported in Costa Rica in July and August, in September the IMAE grew 2%, again explained by the performance of the special regimes manufacturing sector.

The growth of the Monthly Economic Activity Index (IMAE) in August was driven by the production of special regimes (free zone and active perfecting), which grew at a 12% year-on-year rate, according to information from the Central Bank of Costa Rica.

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%.

Guatemala: Economic Activity Up 3.1%

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For the second consecutive month, private services and the manufacturing industry accounted for most of the increase in economic activity up to July, which posted a year-on-year increase of 3.1%.

From a report by the Bank of Guatemala:

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