Sunday, November 22, 2009

Monthly Economic Activity for Costa Rica Improves

The Tico Times reports improvements in the Costa Rican Economic indices and further evidence that the Costa Rican Economy has begun to recover:

Over the past year the the monthly average decrease of the monthly Economic Activity Index (IMAE) was 3.6%. During the month of September this improved to a 0.1% contraction.

The Manufacturing Sector, in particular, showed improvement mainly due to to increased exports by businesses located in free-trade zones.

Other increases in economic activity during the month of September included sales of electrical energy and hotel revenues which have improved with increased tourist spending.

Read the full story in the Tico Times here

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