American Expatriate Costa Rica

Industry grows less than in 2017

The Monthly Index of Economic Activity presented an inter-annual variation of 3.56% in January, representing the fifth consecutive month of accelerated variation, but still lower than the one observed a year before (3.74%).

When observing the contributions of the activities to this variation, the manufacturing industry contributes 22%, while the service sector as a whole contributes 65%.

On the other hand, the Monthly Index of Manufacturing Activity registered a year-on-year result of 3.8%; however, in spite of presenting a deceleration since August 2017, it shows a higher growth than January 2017 (3.6%).

According to Francisco Gamboa, executive director of the Chamber of Industries, the performance of the manufacturing sector had a greater impact on the performance of the Special Regimes (a year-on-year growth of 5.6%) compared to the Final Regime (3.43%).

Regarding the first, the behavior of the chemical and food industry stood out (21% and 21%, respectively); while the Definitive was influenced by the paper industry and the food sector (8% and 5%, respectively).

crhoy.com