Costa Rica’s economic activity shows hopeful signs
The Monthly Economic Activity Index (IMAE) for September showed signs that the Costa Rican economy has begun to recover. Though the economy contracted 0.1 percent, the minuscule decrease in activity is a significant improvement from the past year´s monthly average decrease of 3.6 percent.
The improved outlook was based on a better showing by the manufacturing sector, which reported a small 1.1 percent decrease in the annual rate during September. The improvement in manufacturing came thanks to increased exports by businesses located in free-trade zones.
Other increases in economic activity during the month of September included sales of electric energy and hotel revenues, which sparked by improved tourist spending.
You may be interested
Download our High Season Print Edition hereThe Tico Times - December 17, 2017
Thanks to all the readers from around Costa Rica and the world who have written to ask how they can…
PHOTOS: Costa Rica’s Festival of LightAFP - December 17, 2017
Costa Rica's traditional Festival de la Luz, a holiday parade through the heart of San José, filled the capital with…
Give green in Costa Rica: holiday gifts that will live on all yearEd Bernhardt - December 16, 2017
A warm holiday greeting from the garden to all our readers. Another year has come to an end, and it’s…