Costa Rica: Economic activity growth wanes in January
Latest reading: Economic activity rose 4.0% compared to the same month a year earlier in January, which was a deterioration from December’s 6.2% increase. Looking at the details of the release, the contraction in the agriculture, forestry and fishing sector worsened in January, and construction momentum softened. That said, the manufacturing sector expanded at a quicker pace.
On a seasonally adjusted monthly basis, economic activity fell 0.8% in January, which was weaker than December’s flat reading and marked the worst result since March 2023. Meanwhile, the trend remained stable, with the annual average growth of economic activity coming in at December’s 4.5% in January.