Costa Rica's Economic Activity Slows Down

In January 2013 the Monthly Indicator of Economic Activity recorded a variation of 3.3%, whereas last year it was 7.2%.

Wednesday, March 27, 2013

Monthly Indicator of Economic Activity (MIEA) published by the Central Bank of Costa Rica:

The country's economic activity, as measured by the cycle of the Monthly Indicator of Economic Activity (MIEA), showed a variation of 3.3% in January 2013, lower than a year earlier when production grew by 7.2% . This slowdown was associated mainly to slower growth in the production of goods for export and the decline in domestic demand in the industries: manufacturing, transport, storage and communications, and agriculture.

In the case of manufacturing and agricultural activities, it must be remembered that in the first half of 2012, exports to North America, Asia and Europe grew by 12.2%, 37.8% and 14.7% respectively, and in particular products such as electronic components and microprocessors, pineapples, bananas, watermelon, plants and foliage. Given the uncertainty surrounding the global economic situation, it was hard to imagine that such robust growth in external demand would remain for very long periods and, conversely, as announced by the Central Bank at the time, it was expected that production levels would return to their medium-term growth in late 2012 and early 2013.



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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.

Costa Rica: Activity Falls Due to Less Domestic Demand

March 2015

The Central Bank has confirmed the decline in domestic demand mainly in agriculture, trade, hotels and restaurants, and transport and storage.

From a statement issued by the Central Bank of Costa Rica (BCCR):

The country's economic activity, measured by the cycle trend of the Monthly Index of Economic Activity (IMAE), recorded a variation of 2.9% in January 2015, 0.4% lower than that observed a year earlier when production grew by 3.3% and 0.7% lower than the average growth of the indicator in 2014 (3.5%).

Heavy Slowdown of Costa Rican Economy

June 2013

Macroeconomic indicators revised by the Central Bank reveal a sharp slowdown in export processing zones, industry and agriculture.

Elfinancierocr.com reports that "during the first quarter economic growth has been practically nil. With the adjustment, the variation of the Monthly Index of Economic Activity (MIEA) for the first four months of the year is 0.2%. A year earlier growth was 1.4%. "

Economy slows down in Costa Rica

October 2008

The growth of the Costa Rica economy slowed in August to 3% in relation to the same period in 2007.

The Monthly Index of Economic Activity (IMAE), which measures the total production of goods and services, shows that the economy of Costa Rica continues to grow, but at a rhythm below the 8% with which it began the year, the Central Bank indicated.

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