Tuesday 23 April 2024

Economic Activity Continues to Lose Strength

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23 April 2024 - At The Banks - Source: BCCR

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COSTA RICA NEWS — The growth rate of 2.8% registered in August is the lowest since April 2013, with the manufacturing sector decelerating the most.

From a communication from ‘Market Pulse’ a Blog by Aldesa:

The rate of growth of economic activity in Costa Rica continues to decline and the national economy for August shows a yearly expansion of 2.8%. July growth was revised downwards from 3.4% to 3.1%.

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The increase observed in August (2.8%) is the weakest since April 2013 (2.4) and on both occasions the sector losing growth is Manufacturing.

Source: Central American Data

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