Costa Rica: Economic activity records lowest growth since March in August
Latest reading: Economic activity rose 2.2% in year-on-year terms in August, which was a deterioration from July’s 5.7% increase. August’s figure marked the worst reading since March. The downturn was driven by contractions in the agriculture, forestry and fishing and manufacturing sectors.
Meanwhile, annual average economic activity growth fell to 4.4% in August (July: +4.8%), pointing to a worsening trend. On a seasonally adjusted monthly basis, economic activity rose 0.1% in August (July: 0.0% mom).