The performance of the construction sector at the end of the year explained the acceleration registered in the country’s economic activity up to December 2017.
From a report by the Central Bank of Costa Rica (Banco Central de Costa Rica):
The acceleration observed, for the fourth consecutive month, obeys mainly to the behavior of the construction industry
The country’s production of goods and services, as measured by the cycle trend series of the Monthly Economic Activity Index (IMAE), registered an interannual and average variation of 3.5% and 3.1%, respectively, in December 2017.
The acceleration observed in the indicator, for the fourth consecutive month, is mainly due to the behavior of the construction industry. The information available for this activity shows that construction slowed from January 2017 to August, coinciding