According to analysis by Aldesa:
Between August 2010 and September of this year, activity advanced at a rate of 3.7% and the average variation was 3.7% lower for the tenth consecutive month. Both the manufacturing industry as well as agriculture had negative monthly variations, i.e. the value of their production was lower when compared with that recorded in July.
Acting as a tonic, the services sector continues to exhibit high growth rates, this time by 13.5%, and also had the best growth in the month.
Following this sector was the Financial intermediation services and construction sectors, both industries having shown sustained growth during the last quarter, which also explains the greater demand for resources, both dollars and colones, which has been significantly noticeable in recent months in the financial system.
Although the government’s role as the main demand for resources meant there hasn’t been any problems in recent years due to a slight recovery in activities operating with loan funding, such as private construction and the overall economy, if demand for resources from the private sector continues, and in the absence of monetary policies by the BCCR, we will start to feel the effects of "the private sector being squeezed."
This effect arises from the competition for resources between the government and the private sector and its main effect is an increase in interest rates. Currently the base rate has seen upward pressure, having risen to 8%, and this movement has been explained by raising funds in primary markets through private investments in search of colones.
Source: Pulsobursatil.com
More on this topic
November 2010
The variation of IMAE in September was 3.08%, highlighting the slowdown trend observed since February.
February was the month which recorded the highest figure of the year: 6.30%.
However, this indicator has been declining significantly and is converging to the values observed (3.08%) since June of this year, indicating a significant stabilization.
June 2011
For the first time since March 2009, the sector managed growth of 1.2% in April.
After months of showing negative numbers, the construction activity is begining to show signs of an incipient recovery, mainly driven by improved performance of the economy in general.
With respect to other economic sectors, the article in elfinancierocr.com noted that "the sectors that drove this growth were mainly business services and transport and communications, which grew by about 7% in April. Both groups have remained engines of economic dynamism throughout the year. "
July 2008
The service sector in Costa Rica has grown at double-digit rates over the past 12 months, especially for financial services and corporate services.
Financial brokering services have been increasing at a rate above six percent, and in the past three months it has accelerated to a rate of more than 11 percent.
August 2010
The Monthly Index of Economic Activity (IMAE) shows growth of 2.96% to June, the fourth consecutive month in which year-on-year growth has slowed.
From the maximum year-on-year rate of 6.09% reached in February, the pace of Costa Rica's growth has slipped by around 51.4% to 2.96% in June, completing a somewhat bleak quarter.
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