Costa Rica: Economic activity records lowest expansion since August 2024 in April
Latest reading: Economic activity expanded 3.5% compared to the same month of the previous year in April, which was a deterioration from March’s 5.1% increase. The figure marked the worst reading since August 2024. Looking at the details of the release, the contraction in the agriculture, forestry and fishing sector deepened in April. Moreover, the manufacturing sector decelerated.
On a monthly basis, economic activity increased 3.4% in seasonally adjusted terms in April, contrasting March’s 1.1% fall and marking the best result since July 2021. Meanwhile, the trend pointed down, with the annual average growth of economic activity coming in at 4.4%, down from March’s 4.9%.