According to the Central Bank of Costa Rica
(BCCR), as per the cycle trend series of the Monthly Index of Economic Activity (IMAE), the inter-annual variation of production reached its lowest point in June 2020, at which point it began a gradual recovery process.
Check out the "System for monitoring markets and the economic situation in Central American countries
", prepared by CentralAmericaData
The report explains that in February 2021, the production of most economic activities decreased in year-on-year terms. However, a positive variation was observed in some activities, such as mining and quarrying (2%), manufacturing (2.4%), information and communications (1.7%) and education and health services (0.1%).
The greatest impact on production persists in tourism-related activities. For example, hotel and restaurant services decreased by 50.6% and transportation services by 20.8%, the document highlights.
The report notes that "... agricultural activity decreased 2%, due to lower banana and pineapple production, associated with lower external demand. Manufacturing recorded a year-on-year increase of 2.4%, attributed to the growth of this activity in the special regimes (15.8%), the detail of which is mentioned below. Construction decreased 8.1%, so the contraction that began in December 2018 persists.
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