The economy of Costa Rica advanced 1.2 percent year-on-year in April 2019, easing from an upwardly revised 2 percent expansion in the previous month.
Output shrank in construction (-4 percent from 3.1 percent in March) and contracted further in agriculture, forestry & fishing (-10.8 percent from -7.6 percent) and trade (-0.3 percent from -0.1 percent). Also, output growth slowed in transportation & storage (0.6 percent from 2.9 percent); real estate (2 percent from 2.6 percent); hotels & restaurants (1.5 percent from 2.7 percent); financial activities & insurance (5.1 percent from 6.1 percent); professional activities (2.5 percent from 3.8 percent); education & health (2.9 percent from 3.5 percent); and utilities (2 percent from 4.7 percent). Meanwhile, mining activity shrank less (-5. percent from -5.9 percent) and manufacturing output rose at a faster pace (3.8 percent from 1.5 percent). Leading Economic Index in Costa Rica averaged 3.91 percent from 1992 until 2019, reaching an all time high of 14.80 percent in March of 1992 and a record low of -5.80 percent in February of 2009.
Leading Economic Index in Costa Rica is expected to be 3.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Costa Rica to stand at 3.50 in 12 months time. In the long-term, the Costa Rica IMAE is projected to trend around 3.60 percent in 2020, according to our econometric models.