Services and manufacturing were the sectors that accounted for most of the inter annual increase of almost 4% in the IMAE up to January this year.
From a report by the Central Bank:
Economic activity, as measured by the trend cycle of the Monthly Economic Activity Index (IMAE) in January 2017 registered an annual rate of 3.8%, lower by 0.7 percentage points (pp) compared to the same month in the previous year.[GRAFICA caption = "Click to interact with graphics"]
Services and manufacturing were the sectors that accounted for most of the interannual increase of 4.1% in the IMAE up to December last year.
From a report by the Central Bank:
The production of goods and services in the country, measured by the trend cycle series of the Monthly Economic Activity Index, recorded inDecember 2016anaverage of 4.1% and 4.3% inter annually and mid yearrespectively (4.1% and 4.5% in their respective order in 2015).[GRAFICA caption = "Click to interact with graphics"]
The performance of the service sector accounts for 75% of the variation of 4.5% recorded in the monthly index of economic activity in November 2016.
From the Monthly Index of Economic Activity report by the Central Bank:
In November 2016, Costa Rican economic activity, measured by the trend cycle of the Monthly Economic Activity Index (IMAE) registered an annual rate of 4.5% and an average growth of 4.7% in the eleven months of the year (5.5% a year ago).[GRAFICA caption = "Click to interact with graphics"]
The performance of the service sector accounts for 80% of the annual variation of 3.9% recorded by the monthly index of economic activity in October 2016.
From the report of the Monthly Index of Economic Activity by the Central Bank:
As of October 2016, economic activity, measured by the trend cycle of the Monthly Economic Activity Index (IMAE), recorded an annual rate of 3.9%, meanwhile, the average growth was 4.3%, while a year ago it was 4.5%.
The monthly index of economic activity registered a growth of 4.4%, mainly due to dynamism in services and manufacturing.
The Central Bank announced that starting from data from September 2016, they started using a new methodology to calculate the IMAE, with the reference year no longer being 1991, but the year 2012.
For the third consecutive month a slowdown has been recorded in the pace of growth of economic activity, which in August recorded an annual rate of 4.5%.
From the Monthly Index of Economic Activity report by the Central Bank:
In the period January-August 2016, the Monthly Economic Activity Index (IMAE) trend cycle recorded an average rate of variation of 4.8%, while in the same period last year it grew by 2.1%.Meanwhile, the annual rate was 4.5% (2.2% in Aug-15).This behavior is due to dynamism in most service industries, coupled with increased growth of manufacturing and agricultural activities compared to the previous year.
In the first seven months of the year, the monthly index of economic activity grew at an annual rate of 5.1%, driven by agriculture, services and manufacturing.
From the monthly report by the Central Bank:
In the first seven months of 2016 (Jul-16) economic activity, measured by the trend cycle of the Monthly Economic Activity Indicator (IMAE by its initials in Spanish), grew at annual average rates of 5.0% and 5.1% yoy.The dynamism of production has been associated with the favorable development of activities of services, manufacturing and agriculture.
Driven by industry, services and agriculture, the monthly index of economic activity in June recorded an annual increase of 4.9%.
From the report on the Monthly Index of Economic Activity:
Costa Rica's economic activity, measured by the cyclical trend series of the Monthly Economic Activity Index, recorded in June 2016 (I sem-16) average and interannual variations of 4.9% (2.2% and 2.1% in I sem-15, respectively).
The economic activity index recorded a variation of 5.4% in May this year, mostly explained by a 10% increase in manufacturing activities.
From a statement issued by the Central Bank of Costa Rica:
For the month of May 2016 the IMAE recorded a variation of 5.4% due to the evolution of manufacturing activities (10.7% growth), business services (9.8%) and financial intermediary and insurance services (10.4%).
In the first half of the year, with the exception of construction, the other activities have registered increases above the figures observed a year ago, with services, agriculture and manufacturing being particularly noteworthy.
From a report issued by the Board of the Central Bank of Costa Rica:
The Board of the Central Bank of Costa Rica is keeping the monetary policy rate at 1.75%.In compliance with the provisions of the Organic Law, the Board of the Central Bank of Costa Rica carries out monthly analysis of the internal and external macroeconomic situation of the country.Not limited to these factors, the discussions provide the elements that support the adoption of monetary policy measures.The assessment for June was carried out in session 5727-2016 of day 29, during which the Board decided to maintain the level of the monetary policy rate at 1.75% a year.
Gross domestic product recorded a variation of 4.47% in the first quarter of 2016, driven in part by a 4% increase in final consumption expenditure.
From a report by the Central Bank "GDP and balance of payments in the first quarter of 2016":
Economic activity in the first quarter grew by 5.4% (annualized quarterly change), a result that is associated with the positive developments in external demand which increased by 17.5%.This trend was reflected in increased product placement by companies in special regimes related to the sale of equipment and medical devices as well as therecovery in the export of bananas, pineapples and services (4.9% ).
A higher rate of growth in the services sector and better performance of agricultural activities are responsible for the annual increase of 4.7% in economic activity.
From the Central Bank's Economic Situation report:
The monthly index of economic activity (IMAE), an indicator that approximates the short termgrowth of the country in Apr-16 showed a variation in the trend cycle of 4.7%, higher by 2.9 percentage points (pp) than figure in the same period last year. Meanwhile, the average rate during this period was 5.0% (1.9% in Apr-15).This behavior is due to the higher growth rate of most service industries, coupled with improved performance of the agricultural and manufacturing activities which reversed and accentuated their recovery, when compared with the negative rates shown in much of 2015.
Up to the month of April, the monthly index of economic activity registered growth of 5.7%, mainly explained by the Fisheries and aquaculture, and Livestock sectors.
From a statement issued by the Central Bank:
The report indicates that the IMAE reflected a growth of 5.7 percent compared with the same period in 2015.The annual average change was 4.8 percent and the cumulative growth in the January-April period was 4.4 percent.
In the first quarter the economy grew by almost 5% compared to the same period in 2015, driven mainly by the performance of manufacturing companies in free zones.
From the Monthly Economic Activity Report by the Central Bank:
The country's output, measured by the trend-cycle series of the Monthly Economic Activity Index (MEAI), grew in the first quarter of 2016 by 4.8%, higher by 2.8 percentage points (pp) compared to the same period last year.
Growth in the production of goods and services in January 2016 was 4.9%, almost 3 percentage points higher than in January 2015.
From the Monthly Economic Activity Report by the Central Bank:
The production of goods and services in the country, measured by the series trend cycle of the Monthly Economic Activity Index, recorded a variation of 4.9% in January 2016, higher by 2.8 percentage points (pp) than it was in the same month of the previous year (2.1%).